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A service for political professionals · Monday, March 10, 2025 · 792,386,211 Articles · 3+ Million Readers
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East North Central U.S. FDIC Newswire

  • Published on Mar 7, 2025

    First Commonwealth Bank taps FDIC vet as chief compliance officer

    STORY HIGHLIGHTS: Michael Cirilli named chief compliance officer at First Commonwealth Bank. Cirilli will oversee fair lending, regulatory compliance, and AML/CFT. He previously served as a senior compliance examiner at FDIC. First Commonwealth Bank …

    Source: The Business Journals - Neutral
  • Published on Mar 7, 2025

    Savings account owners unable to access 'frozen funds' deposited to FDIC bank through popular app

    CHICAGO (WLS) -- The ABC7 I-Team is investigating "frozen funds." High-yield savings accounts can be safe places to earn higher interest on money. But now, thousands of people are asking where their money is after depositing it into an FDIC bank …

    Source: ABC 7 Chicago - Illinois - Neutral
  • Published on Mar 7, 2025

    Thanks to higher interest rates, banks’ unrealized losses jumped by a third at the end of last year

    There’s a hard and fast rule about bonds that you may notice every day when Marketplace does the numbers and talks about the 10-year Treasury note: bond prices and bond yields — the interest rates they pay — move in opposite directions. That means if …

    Source: Marketplace - Public Broadcaster
  • Published on Mar 6, 2025

    Failing bank CEOs took in millions

    The Federal Deposit Insurance Corporation was forced to spend $31.6 billion to protect customers at three failed banks in early 2023. While taxpayers footed the bill, the CEOs of the three banks made out nicely, each collecting millions in compensation …

    Source: The Bradford Era - Pennsylvania - Uncategorized
  • Published on Mar 6, 2025

    Why credit union-bank mergers have hit a lull

    Atlanta Postal Credit Union's acquisition of Affinity Bank was called off in December.ERIK S. LESSER/BLOOMBERG NEWS Bank of Idaho Holding in January announced a plan to sell to Kalispell, Montana-based Glacier Bancorp in what has proven the largest …

    Source: American Banker - New York - Neutral
  • Published on Dec 26, 2024

    Sterling Bank shareholders approve its buyout by EverBank

    The deal will give the Jacksonville-based bank 25 offices in California. By Mark Basch | 12:00 a.m. December 26, 2024 | 4 Free Articles Remaining! Sterling Bancorp Inc. said shareholders voted at a special meeting Dec. 18 to approve the sale of its …

    Source: Financial News and Daily Record - Florida - Label Pending
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