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The acquisition, which was originally expected to close at the end of last year, ultimately took more than 18 months to receive regulatory approval. It is now expected to close on Dec. 1.
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Chime, Varo, Upstart and Stripe are among the many companies that have recently laid off more than 10% of their workforce. Banks could benefit from a chance to scoop up tech talent.
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Gas, or the fee associated with crypto transactions, is spiking. Canvas and other tech firms are trying to ease this expense to promote the technology's use for payments and other financial services.
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Winona Nava, who is retiring next year, took over Guadalupe Credit Union in 1991 when it had dwindled to just above $10 million of assets. Nava's immigrant-friendly policies led some staffers to resign in protest, but that didn't discourage her. "Everyone deserves to be treated with respect and dignity," she said.
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The North Carolina bank has made 11 insurance-related acquisitions in the last three years, and a top executive forecasts more buying chances as brokerage consolidation continues.
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The Federal Reserve's semiannual financial stability report said the threat of continued high prices and the Fed's response to them are top threats for banks and other market participants.


















