NCUA greenlights record-setting credit union membership expansion in Florida
The National Credit Union Administration approved Dade County Federal Credit Union’s application to add almost 2 million more potential members — beyond what had been permitted for any credit union’s expansion previously.
Barry Sommers, the wealth management chief CEO Charlie Scharf brought in, is expanding after fixing up the unit; "Five years from now the independent channel will be our biggest channel."
Northwest Bank starts search for new CFO; Plains State Bank acquires wealth management, tax businesses; Bank of America names new heads for North America industrials banking; and more in the weekly banking news roundup.
The lawsuits alleged that banks including Bank of America and Goldman Sachs — acting as remarketing agents on the securities — failed to get the best rates for issuers.