Latest News for: Union banking


Woolf and Dwyer: Vote for the New England Federal Credit Union/Vermont State Employees Credit Union merger

Brattleboro Reformer 30 Sep 2022
NEFCU and VSECU, the two leading credit unions in Vermont, must evolve to compete effectively with out-of-state banks while continuing to provide the best products and services to members ... Small banks and credit unions can offer some of these but face significant challenges in offering multiple points of value.

Smith: Being local

Rutland Herald 30 Sep 2022
Sixty years ago, nobody in Vermont said “local banking.” They didn’t need to ... The federal government’s National Credit Union Administration’s monthly comparison for June 2022 showed that, in every one of 23 categories, credit unions’ returns on investments were higher, and fees and interest rates were lower, than banks ... Banks’ average rate was 4.71%.

Absa Bank deepens support to startups, SMEs with YouStart partnership

B & FT Online 30 Sep 2022
Let’s face it, Absa Bank has got it right. The bank’s business in Ghana is based on a very simple strategy that includes a strong focus on supporting the local SME sector. The bank is savvy enough to know that these local businesses underpin Ghana’s economic growth, so it has laid out a clear strategy to become the bank of choice for the sector.

Civil servants say they are being forced to resort to food banks and payday loans ...

The Daily Mail 30 Sep 2022
Civil servants have said they are being forced to resort to food banks and payday loans as they struggle to pay for petrol, nappies and medicine amid the cost of living crisis. The Public and Commercial Services Union (PCS) is delivering a dossier to ministers, revealing the 'depths of poverty' being suffered by the Government's own employees.

Inflation note to govt will be confidential | Mint

Live Mint 30 Sep 2022
The Reserve Bank of India (RBI) does not intend to make public its letter to the union government explaining why the central bank failed to meet the inflation target of 2-6% for three consecutive quarters ... Failing so for three consecutive quarters requires the central bank to ...

Philadelphia is ready for a public bank

The Philadelphia Tribune 30 Sep 2022
Even more importantly, if City Council follows through with funding, it could leverage the City’s municipal deposits — a massive pool of wealth that dwarfs the capacity of mission-driven credit unions or community banks ... credit unions and business that are currently underfunded.

Column: Dollar shock threatens global economy

Reuters 30 Sep 2022
... central banks are forced to raise their own rates.U.S ... Central banks in the United Kingdom, European Union, India and other emerging markets are all raising interest rates or intervening to support their currencies even though local conditions are far weaker.CORE AND PERIPHERY.

Hanwha seeks to become defense industry powerhouse after DSME takeover

Korea Times 30 Sep 2022
Unionzied workers at Daewoo Shipbuilding & Marine Engineering chant during a press conference at the Korean Metal Workers' Union (KMWU) headquarters in Seoul, Tuesday, to protest Korea Development Bank's decision to sell the shipbuilder to Hanwha Group ... DSME union's protest.

Public sector banks to begin special campaign to fill pending vacancies for SCs

Hindustan Times 30 Sep 2022
Public sector banks will begin a ... Sampla made the announcement a day after jointly chairing a meeting with Union finance minister Nirmala Sitharaman to review the performance of public sector banks on credit and other welfare schemes for SCs.

EU watchdog says banks need $1.2 billion to meet capital rules in full

Hindustan Times 30 Sep 2022
Banks in the European Union will collectively need a further 1.2 billion euros ($1.18 billion) to meet a set of global capital rules in full by 2028, the bloc's banking watchdog said ... Banks have faced far tougher capital requirements since taxpayers bailed out many of them during the global financial crisis more than a decade ago.

Alkami and Segmint Urge Financial Institutions to Drive Growth with Data in 2023

Victoria Advocate 30 Sep 2022
ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., and its data analytics and engagement solution, Segmint, have released their 2023 Strategy Guide, Navigating The Economic Impact ... "Banks and credit unions have a wealth of insights within their account holder data.

Caribbean Economic Forum to discuss the digitization of region’s payments systems

Jamaica Star 30 Sep 2022
Indeed, three central banks have ... Like the rest of the world, many in the region are already paying digitally, whether it is through online banking, mobile wallets, or in the case of the Eastern Caribbean Currency Union, Jamaica, and the Bahamas, a central bank digital dollar.

Another UN appeal to seek $600m more for flood aid

Dawn 30 Sep 2022
The meeting was informed that international assistance had come from the World Bank, Asian Development Bank, the United States, the United Kingdom, Japan, Turkiye, China, the European Union, Sweden, Denmark, Belgium, Germany, the Organisation of the Petroleum Exporting Countries, ...

Rowing Nile south to north draws attention to empowering women

Watani 30 Sep 2022
The Nile Rowing Challenge comes in partnership with the Central Bank of Egypt, UN Women Egypt, the European Union, the Embassy of the Kingdom of the Netherlands, the Agricultural Bank of Egypt and E-finance ... “Ta7wisha” is implemented in partnership with the Central Bank of Egypt, ...

EU urges Israel, Palestine to defuse West Bank tension

Suryaa 30 Sep 2022
Ramallah, Sep 30 (IANS) The European Union (EU) is exerting efforts to defuse the escalating tension between Israelis and Palestinians in the West Bank, an official announced here ... In responde, Israel conducted raids in the cities of Nablus and Jenin in the northern West Bank.

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