A crew of credit union community sailors will be aboard a boat captained by Honda FCU CEO Jim Updike when it participates in this year's Race for the Kids, also known as the Newport to Ensenada International Yacht Race. Seeking to raise money for the Children's Miracle Network, the goal is to surpass the $11,000 raised last year. This crew of 10 aboard the 48' boat will include, in addition to Updike, Matt Flynn and Brian Scott from The Members Group in Iowa; Bill Enslin of Creditor's Insurance Services; Tom Swedberg and Tim Sidley from Wescorp; Kevin Kindschi from CUNA Mutual; Charles Clark from LBS Financial CU, and Ken Facer from Arrowhead Credit Union. Each crew member is contributing toward the expenses. The 125-mile race is from Newport on April 23. More than 600 boats participated last year.
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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.
9h ago -
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.
11h ago -
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.
April 25 -
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