WASHINGTON - (01/02/06) The World Council of Credit Unions(WOCCU) has been awarded a $1.5-million grant by the U.S. Agencyfor International Development (USAID) to continue its worksupporting Mexico's microenterprises and entrepreneurs via betteraccess to high-quality financial services. The grant will extend bytwo years a program WOCCU has in place with Caja Popular Mexicana,Mexico's largest savings and credit cooperative, in which WOCCU isproviding technical assistance and training. The World Council hasbeen credited with helping Caja Popular Mexicana to bring anadditional 500,000 Mexicans into the country's financial system andbringing affordable remittance services to 82,000 members duringthe first eight months of 2005.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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