A software program that seeks to uncover fraud and other financial losses common to credit unions is available from the Credit Union Executives Society, Madison, Wis. The I/A Expert software is designed to help auditors prioritize the areas where credit unions stand to lose the most. It also provides work programs and questionnaires to define responsibilities of internal audits, set schedules, document findings, and prepare reports. The price of the software is $975 for members and $1,500 for nonmembers.
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The company is leveraging its bank charter and strong customer acquisition, with app logins up nearly 50% from borrowers.
6h ago -
The Dallas-based regional bank's return on average assets exceeded its goal of 1.1% for the first time, coming in at 1.3% for the third quarter. The bank has been in transformation mode since 2021.
7h ago -
U.S. regulators have reached a rock-bottom settlement deal with a former Wells executive accused of wrongdoing in the phony-accounts scandal. The OCC had sought to recover $10 million from Claudia Russ Anderson, a onetime risk executive at the bank.
8h ago -
Fraser will succeed John Dugan, who's been Citi's chair for six years. The megabank also granted Fraser a one-time award of $25 million in restricted stock units, and more than 1 million stock options.
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Farmers National Banc Corp. in Ohio plans to acquire in-state rival Middlefield Banc Corp. in a deal that will deepen the buyer's footprint in Columbus.
11h ago -
An apparent increase in large-scale borrower fraud and the hot environment for bank mergers were the key themes as banks discussed their third-quarter results.
11h ago