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Credit unions in Alabama and Louisiana announce conversion to first-ever core system designed specifically for CDFIs.
May 25
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The Toronto bank said increases in deposits and loans spurred a 20% rise in profit at its U.S. retail bank from a year earlier.
May 25
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New mothers were bailing out from the Cincinnati bank at twice the rate of other women employees, so it decided to offer a maternity concierge service that would help them with stressful chores.
May 24
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The rising regional player has also appointed new chairs for four board committees as it prepares for the retirement of several long-serving directors.
May 23
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Regulators have hinted that they're warming up to the idea of startups, but industry veteran George Groves is raising money to buy an existing bank because he fears the approval process would take too long.
May 23
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From digital lending solutions for U.S. community banks to Sharia-compliant finance in Africa
May 19
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A total of $2 million in grant funding will be available through the regulator's Office of Small Credit Union Initiatives.
May 17
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Banks and nonbanks are typically foes, but banks made 34 nonbank M&A deals through mid-May, emerging as buyers in two-thirds of them. Many buyers are eager to pad fee income by adding investment, specialty finance or insurance firms; sellers are typically looking to cut costs. Here is a roundup of such deals this year.
May 17
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On Dec. 31, 2016. Dollars in thousands
May 15 -
On Dec. 31, 2016. Dollars in thousands
May 15 -
On Dec. 31, 2016. Dollars in thousands
May 15 -
Recent data on derivatives suggests strongly that increased clearing has occurred apparently at the expense of reporting dealers.
May 15
Atlantic Council -
Readers sound off on the use of AI in underwriting, the reasons for the failure of a Milwaukee bank, U.S. banks’ progress in adopting APIs, and more.
May 12
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Without powers granted by the Dodd-Frank Act to unwind failing financial firms, a central and known problem that contributed to our last financial crisis would become a core problem of our next one.
May 11
University of Michigan -
Belpre Savings Bank and Doolin Security Savings Bank are planning to create a mutual with nearly $100 million in assets.
May 11
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James Herbert, 72, has once again postponed retirement. The longtime CEO was scheduled to step down at yearend, but the company says he will remain at the helm through 2020.
May 10
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Allan Meltzer was an economist and Federal Reserve historian who was critical of the central bank’s recent policies.
May 10
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Fifth Third, Huntington Bancshares and KeyCorp are among the companies backing an effort to bring startups to the Buckeye State.
May 9
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Bank of Austin still needs approval from the Federal Deposit Insurance Corp., though organizers remain hopeful it can open this summer.
May 9
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The Financial Stability Oversight Council discussed its designation of certain nonbanks as systemically important and the "efficacy" of the Volcker Rule at a closed-door meeting on Monday.
May 8
