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Glendale Area Schools Federal Credit Union has converted to a state charter and will also be insured through American Share Insurance, the sole alternative provider of insurance for CUs, effectively removing it from NCUAs purview.
July 8 -
Big banks were seen as winners in the Trans-Pacific Partnership, but their support for the pact is in question as a result of their treatment in a data-related provision.
July 8 -
Royal Bank of Canada and CIBC have plunked down $9 billion in the past year to buy U.S. banks, ending a brief lull from Canadian banks. Expect more activity from those banks and others.
July 8 -
Small banks are trying to figure out how to provide the digital services today's customers want while still retaining the human touch that distinguishes them from larger rivals. A small bank in Cincinnati says it has hit on the right formula.
July 8 -
The $7.9 billion-asset holding company for Citizens Business Bank said David Farnsworth will start as credit chief of both entities on July 18. He will succeed James Dowd, who retired on July 1.
July 8 -
Comerica and Bank of America closed their downtown Dallas headquarters on Friday, amid an investigation into the fatal shooting of five police officers, which took place nearby.
July 8 -
U.S. regulators plan to require banks to adopt baseline safeguards to shield themselves from cyberthreats after a series of assaults cost the industry billions of dollars and shook consumer confidence.
July 8 -
Turmoil in marketplace lending has less to do with loan quality and more to do with how lenders price loans to meet supply and demand.
July 8
Direct Lending Investments LLC -
Uber Technologies Inc. and bitcoin startup Xapo have joined together to give consumers in Buenos Aires a new way to pay for rides after banks in Argentinas capital began blocking debit-card charges for the ride-sharing company.
July 8 -
Wendys Co., which reported a payment-card hack earlier this year, said that the breach affected about 18 percent of its U.S. locations.
July 8


