SYRACUSE, N.Y. - (01/10/05) -- A former accounting manager atSeaComm FCU pleaded guilty Friday to stealing almost $413,000 fromthe credit union over a nine-year period. Marabeth Peets, 41,confessed to a scheme by which she transferred funds from threedifferent internal accounts she controlled. She then withdraw thefunds for her own use. Peets has agreed to makerestitution.
The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
The credit infrastructure and analytics company secured $35 million in a Series D funding round, led by Socium Ventures, the venture capital division at Cox Enterprises, to expand into auto lending and personal loans.
Lebda, who died over the weekend in an ATV accident, built one of the first online financial marketplaces in 1998.
Federal Reserve Chair Jerome Powell acknowledged skepticism around the central banks large-scale asset purchases during the pandemic, noting the Fed likely "should have stopped" sooner, but fell short of admitting that the purchase of MBS' contributed to housing disparities.
JPMorganChase CEO Jamie Dimon said that his bank can improve its procedures to guard against fraud.
The bank is the custodian for Anchorage's stablecoin platform, it's thinking of issuing its own and it's relaunching bitcoin custody, among other efforts.
