THE globe

MADISON, Wis.–The World Council of Credit  Unions has filed a comment letter with the International Accounting Standards Board that calls for clarification on how regulatory requirements should be accounted for on convertible bonds and similar instruments.

DUBLIN, Ireland–Ireland’s credit unions are poised to receive regulatory approval to raise loan rates.

ERBIL, Iraq–Brian Branch, president and CEO of the World Council of Credit Unions, has been traveling in the Kurdistan region as part of discussions over whether credit unions might be established to help refugees and others in the region. 

HANGZHOU, China—Ant Financial, the Chinese e-commerce giant partly owned by Alibaba, is rumored to be looking to acquire British currency exchange startup WorldFirst for around $700 million, according to a new report.

WASHINGTON—Legal and illegal migrants sent $53.4 billion in remittances back to Mexico and Central America in 2018, or approximately double the estimated cost of building a border barrier on the U.S.-Mexico border, according to a World Bank report.

MADISON, Wis. — The World Council of Credit Unions is seeking nominations for its  nominations for its World Council Young Credit Union Professionals (WYCUP) scholarship program, an international networking and educational opportunity for emerging credit union leaders. 

BEIJING, China—A number of countries around the world,  including China, India, Iran, Turkey, Russia, Venezuela and others, are abandoning the U.S. dollar for alternative payment methods, a new report states.

BRANDON, Manitoba–Fusion Credit Union here has unveiled its new brand. The credit union, which literally is the fusion of two merged CUs–Vanguard and Catalyst–has also unveiled a new tagline.

BEIJING, China—With mobile payments in China booming, cash is going away—and the trend has brought with it new attention from the Central Bank.