APPLE VALLEY, Minn. – Wings Financial FCU announced a deal yesterday with JetBlue Airways to provide financial services to the fledgling airline’s 11,000 crewmembers. As part of the agreement, Wings Financial will open new branches and install new ATM machines in or near key JetBlue locations. Wings Financial will also offer JetBlue crewmembers a customized line of checks featuring JetBlue images. The $1.6 billion credit union formerly served Northwest Airlines but now serves the entire air transportation industry.
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The Federal Reserve and Federal Deposit Insurance Corp. said they have doubts about the feasibility of American Express' resolution plan, yet issued no formal deficiencies with theirs or any of the other 14 other large banks' resolution plans reviewed.
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Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.
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The Federal Reserve voted 6-1 to finalize its proposed stress test reforms, including seeking input on stress test scenarios and models annually and averaging results over two years.
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After Congress passed a bill speeding up its demise, the penny will be more curiosity than currency.
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The Federal Reserve's preferred measure of inflation came in lower for August than it had in earlier months, but a recent methodology change raises questions about the strength of the signal.
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A federal indictment names Bank of America, M&T and seven other banks and credit unions, and quotes the texts that got deposits past their fraud controls.
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