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As they continue to protest credit union mergers, banks are set to reap the benefits from a deal that will create an institution one-third the size of the entire CU industry.
February 8
America's Credit Unions -
“The board's record of summarily approving mergers raises doubts about whether it will serve as a meaningful check on this consolidation that creates a new too big to fail bank,” Sen. Elizabeth Warren said in a letter to the Fed.
February 8
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Western Union is in a "learning" phase as to how its digital advancements will connect with its physical locations, as well as what the Amazon partnership could lead to — and at least in this early stage, it appears to be succeeding.
February 8
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Nine banks agreed to be sold to credit unions last year. Some industry observers believe that number could double this year.
February 8
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With the backing of these establishments and Federal Deposit Insurance Corporation (FDIC) protections, the cloud of uncertainty surrounding cryptocurrencies will begin to lift, writes Eric Solis, founder and CEO of MovoCash.
MovoCash -
A recent joint analysis of large syndicated loans urged banks to improve their risk management, even though evidence suggests that nonbanks, not banks, hold the higher share of risky leveraged loans.
February 8
Bank Policy Institute -
The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.
February 8
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Maureen Genna will take over from retiring CEO Linda Levy, who gained notoriety when she sued the Trump administration.
February 8
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Michael Athens was the Albuquerque, N.M.-based institution's vice president of operations before serving as interim president and CEO.
February 8
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The company’s investment in a small business lender is said to be the biggest ever in Europe; the merger may raise questions from regulators, spur more mergers.
February 8
