MADISON, Wis. - (11/25/04) -- State regulators said they haveapproved two new credit union charters, the first in the statesince 1993, Susan Cowan, director of the state's Office of CUs,told The Credit Union Journal Wednesday. CTK CU, is sponsored byChrist The King Baptist Church in Milwaukee and will serve about565,000 residents of the church's outreach area. Two local creditunions, Educators CU and Guardian CU, will serve as mentors for thenew charter. Also granted a charter was Star CU in Madison, whichwill serve members of the city's boys and girls clubs and employeesof Summit CU and CUNA CU, which helped sponsor the new creditunion.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
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House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
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The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
June 26 -
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
June 26 -
Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
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The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
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