Union bank

Deadline Extended Again for Industry’s Largest Credit Union and Bank Acquisition Deal

Source: Shutterstock. Will the industry’s largest credit union and bank acquisition deal get final approvals from regulators? For nearly a year, the $11.6 billion VyStar Credit Union and the $1.6 billion Heritage Southeast Bank have been waiting for the go-ahead from regulators to close the deal, and no one is saying publicly what, if necessary, […]

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Portable Identity Company Parallel Markets Announces Series A, Led by Union Square Ventures

NEW YORK, February 3, 2022 /PRNewswire/ — Identity verification (KYC/AML) and accreditation processes at financial institutions are slow and repetitive. With the rapid growth of new investment platforms, each with redundant verification requirements, the need for a financial identity passport is only more apparent. Additionally, the global blockchain technology market is expected to reach nearly […]

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Union Bank of Philippines to Offer Crypto Trading and Custody Services – Featured Bitcoin News

One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custody services. “It’s a way to future-proof our banking business,” said a Unionbank executive. Unionbank of the Philippines to Offer Crypto Trading and Custody Services Union Bank of the Philippines (UBP), also known as Unionbank, plans to offer cryptocurrency trading […]

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Illinois Bankers Group Proposes Exit Fees for Credit Union-Bank Agreements | Credit Union Journal

The Community Bankers Association of Illinois introduced legislation early in the Illinois General Assembly session that would create an exit fee when credit unions buy banks. The Illinois bankers’ bill has yet to go to committee. The next step will be for the association and the Illinois Credit Union League to sit down and decide […]

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Nebraska agency refuses GreenState Credit Union banking deal

Diving brief: The Nebraska Department of Banking and Finance (NDBF), in one Order of December 30rejected Omaha-based Premier Bank’s request to be acquired by the Iowa-based bank green state Checkout. Premier Bank does not have the legal capacity to sell its assets to green state because the credit union, established under the laws of Iowa, […]

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Union Bank of India begins lending at alternative benchmark rate and replaces Libor

The Union Bank of India (UBI), through its international banking division, announced on Wednesday that for lending purposes, it has replaced the London Interbank Offered Rate (LIBOR) with the Alternative Reference Rate (ARR). ). This change is in line with the Reserve Bank of India forcing all banks and other financial institutions to stop using […]

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Citi said to choose Union Bank as preferred bidder for the Philippines

FILE PHOTO: A pedestrian walks past the Citibank office in Makati financial district in suburban Manila November 18, 2008. (Photo: ROMEO GACAD/AFP via Getty Images) By Manuel Baigorri and Elffie Chew Citigroup Inc. has chosen Union Bank of the Philippines as the preferred bidder to acquire its consumer banking assets in the Southeast Asian country, […]