Shares of the Providence, R.I., company plunged Monday, following a news report that it faces possible legal risks from the latest charges filed against Paul Manafort, the former campaign manager for President Trump.
Credit union executives talked up a pending regulatory relief effort while endorsing a radical shift in direction by the Consumer Financial Protection Bureau during a meeting with President Trump and other top White House officials on Monday.
The Federal Reserve Board's vice chairman for supervision said he did not foresee the agency’s regulatory review as significantly reducing capital levels.
Savings Bank of Walpole and New Hampshire Mutual Bancorp believe merging help them preserve a banking model that has faced pressure in recent years. The CEO at Savings Bank will also replace New Hampshire Mutual's retiring leader.
One problem is that banks are shifting to online and mobile channels for delivering advice, which is inferior to in-person communications, according to a recent survey conducted by J.D. Power.
National Credit Union Administration Chairman J. Mark McWatters made an appeal to credit union executives to work with small community banks when it comes to advocating for shared goals.
