Atlantic Union Bank’s Post

Union Bank to face major disruptions with two nationwide strikes on 27 & 30 Sept! Operations to be affected for 4 consecutive days! Bankers’ demands range from staff shortage to unilateral decision-making. Read more at https://lnkd.in/gg6mvaF5 #UnionBank #NationwideStrike #StaffShortage

This AGM season has revealed that some banks with UK material risk takers will be taking advantage of the lifting of the mandatory bonus cap to significantly increase bonus opportunities for certain staff. For banks still planning their response, considerations around legal risk, employee relations, regulatory compliance and competitiveness will come into play. Read the full article below.

Seasonal weakness, higher cost of funds to weigh on bank numbers The banking sector is anticipated to show subdued performance in the June 2024 quarter compared to the previous quarter, attributed to factors such as effects from general elections and a heatwave, as well as robust growth in the corresponding period last year.

There were four noteworthy regulatory and compliance updates for banks and credit unions in June of 2024. Here are the details.

Exciting news for credit unions! Check out this insightful article on the future of payments from a credit union perspective. Stay ahead of the game with instant payments. #FutureofPayments #CreditUnions #InstantPayments

The bonus cap has gone. Banks not caught by European bank pay rules will have considerably more flex on code staff pay structures going forwards. But will this mean a return to pre-2014 bonuses? I would wager not, but change will come. Read my blog on the topic here written with Jack Prettejohn - useful reading for those involved in bank compensation strategy, talent recruitment and retention, Human Resources, employee relations or employment litigation. #bonuscap #remuneration #employmentlaw

Nice quick video by 11:FS on the challenges and opportunities facing credit unions. The ground credit unions occupy on the banking battlefield is under attack. With big banks approaching on one side and digital challengers on the other, the time for credit unions to act is now. Watch this: https://lnkd.in/eMEWVf8D At Backbase, we believe that credit unions have a very important role to play and can act from an area of strength with the trust they have from the local communities they serve and the members they have. By playing to these strengths, their purpose, tailored to their segments and enhanced with the right balance between human and digital - they can be highly successful. if you want to understand more, please see how we help Navy Federal Credit Union (the largest Credit Union in the world) achieve just this here: https://lnkd.in/etakqgnm

If you didn't need another signal for the "Golden Age of Private Credit" well...here it is! Higher capital = banks backing out of riskier businesses = shadow banks (private credit funds included) snapping up the market share For the average person, this means debt will become more expensive and there will be less liquidity (maybe) Banks are deposit-funded and can lend at cheaper rates than most private credit funds who have a fiduciary responsibility to meet return hurdles established by LPs (typically 8-15%). Therefore, private credit loans are usually more expensive than bank loans because 1). they need to hit their return threshold and 2). their loans are illiquid Thanks for sharing Paula Seligson! #privatecredit #baseliii #endgame #regulation #banks

Exploring the Credit Union Difference: Key Factors to Consider in Choosing Between Credit Unions and Banks https://lnkd.in/g2gmkjdY #creditunions #creditunion #cudifference #personalfinance #banking #MondayMotivation #MondayThoughts Greater Alliance Federal Credit Union

In addition to the control and power over all they want to crash the real estate market.