CHARLOTTE, N.C.–Bank of America Corp., which cut more than 10,000 jobs during 2015, said it will again seek to reduce its number of employees in 2015 as it moves to further cut costs.
Fresh Today
MIDDLETOWN, Penn.–ATON Financial Management, a wholly owned CUSO of Mid-Atlantic Corporate FCU, said it is now offering bond accounting services to credit unions in partnership with Clearwater Analytics.
WASHINGTON—The blizzard that struck the East Coast over the past weekend has led the House to postpone its return for another week, while the Senate is expected to come in Tuesday, postponing all votes until at least Wednesday.
DALLAS—A new report on recent economic data suggests that strengthening liquidity profiles should be a primary strategic objective now for credit unions in this rising-rate environment—and that auto lending could be slowing.
NEW YORK—Expect regulators to begin imposing cyber incident “stress testing” and boards becoming more cyber-competent this year.
SAN FRANCISCO—Weekly mobile bankers exceeded that of weekly branch bankers during 2015, the first time that has ever happened, a new study has found.
NEW YORK—Consumer credit default rates stabilized in December, according to the S&P/Experian Consumer Credit Default Indices.
PHOENIX–Desert Schools FCU has donated more than $500,000 to 1 Darn Cool School, Phoenix Children’s Hospital’s formal school program.
WICHITA, Kan.–Skyward Credit Union has paid a $750,000 bonus dividend to members for 2015.
AUSTIN, Texas–Greater TEXAS FCU has named a new CEO.