Bank / Credit Union News & Media
Lloyds resumes job cutting plan
September 9, 2020
U.K. bank Lloyds is eliminating 865 jobs as part of a restructuring plan that had been put on hold at the start of the coronavirus pandemic.
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Two banks join Dolphin Debit
September 8, 2020
Blue Grass Valley Bank, and Bank of Zachary are hiring Dolphin Debit to manage ATMs
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AI-based forecasting tool reduces cash replenishment trips
September 8, 2020
HSBC is introducing its iCash AI withdrawal forecasting tool for the ATM industry.
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National Credit Union Federation of Korea donates masks worldwide
September 8, 2020
The World Council of Credit Unions is receiving a donation of 40,000 masks from the National Credit Union of Korea.
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Report urges debit, credit cards to go green
September 8, 2020
Financial institutions and credit card companies are being urged to go green in order to cut plastic waste and meet consumer expectations regarding…
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Alabama One CU purchasing First Bank of Linden
September 4, 2020
Alabama One Credit Union in Tuscaloosa, Alabama, has agreed to buy First Bank of Linden in Linden, Alabama.
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Bogota Savings, Gibraltar Bank merge
September 4, 2020
Bogota Financial Corp., the holding company for Bogota Savings Bank and Gibraltar Bank announced that the two banks will be merging. The merger is expected to…
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Jiko acquires bank to deploy money platform
September 4, 2020
Jiko Group, Inc. has completed its acquisition of Mid-Central National Bank, formerly Mid-Central Federal Savings Bank, headquartered in Wadena, Minnesota
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Let the buyer be aware: keep your supplier in the loop
by Pat Shea — Editor, NetworldMedia
How important is your supplier relationship? When it come to paying suppliers, especially in today's current economy, many business owners don't always look…
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Remote work may outlast the pandemic for banks, credit unions
September 3, 2020
Working remotely during the pandemic was initially supposed to be a short-term solution to a temporary problem, however, some banks and credit unions have no…
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Monzo dials up fees to reduce ATM costs
September 2, 2020
London-based fintech Monzo is about to hit its 4.4 million account holders with a 3% charge for ATM withdrawals over £250 (US $335) per month and a £5 fee (US…
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Credit card fraud is on the rise — are your customers safe?
by Greg Mahnken — Credit Industry Analyst, Credit Card Insider
Greg Mahnken is a Credit Industry Analyst for Credit Card Insider and covers important topics such as fraud, security and responsible card use. With the rise…
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First US install of CIMA CashUp software deployed at federal credit union
September 1, 2020
Vita Lansworth, an entity of Vita Lansworth Enterprise Solutions, is the U.S. Distributor for CIMA Teller Cash Recyclers and has announced that 1166 Federal…
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Woodforest National Bank celebrates 40 years with branch openings
September 1, 2020
Alabama-based Woodforest National Bank has opened two branches, one located in Foley, Alabama, and the other in Birmingham. Both branches will offer a range of…
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Consumer Bureau examines pandemic impact on credit
September 1, 2020
The Consumer Financial Protection Bureau has issued a report examining the early effects of the COVID-19 pandemic on consumer credit.
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Banks plan layoffs as costs emerge and crisis ends
August 31, 2020
During the peak of the pandemic, several top executives at U.S. banks, including Morgan Stanley and Bank of America, pledged not to cut jobs in 2020 because, …
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Midland States Bancorp sells commercial FHA platform, retains servicing business
August 31, 2020
Midland States Bancorp, Inc. has completed the sale of its commercial FHA origination platform to Dwight Capital, a New York-based mortgage banking firm.
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Black-led bank merge creates $1B institution
August 28, 2020
Black-led City First Bank and Broadway Federal Bank have recently merged, creating the largest minority-owned depository institution in the U.S. with assets in…
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Brazil's BV bank resumes IPO process
August 28, 2020
Brazil's Banco Votorantim has relaunched its plan to list on the São Paulo stock exchange through an initial offer of stock after halting the process in March…
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Mexico's Banco Famsa collapses
August 28, 2020
Mexico's National Banking and Securities Commission has received criticism for being too slow in responding to applications from new financial institutions as…
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