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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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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Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25