WEST PALM BEACH, Fla. - (10/03/05) -- Wicks Business Information, aventure capital firm based in Fairfield, Ct., announced Friday ithas acquired The Credit Union Times. The purchase price wasreportedly $10 million. WBI is a unit of Wicks Group of Companies,and publishes several other newsletters, including Treasury &Risk Management magazine and Corporate Legal Times. Credit UnionTimes was founded in 1990 by Mike Welch, CU Journal co-publisherFrank Diekmann, and Tim O'Hara, now chief of advertising for TheCredit Union Journal. Welch will remain on as a consultant duringthe transition, while Paul Gentile will become the publication'snew editor-in-chief.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3