SAN DIEGO – Two masked gunmen order employees and members of Navy FCU to the floor Wednesday afternoon and made off with as much as $100,000. The robbers entered the branch around 2:45 with their guns drawn and smashed several surveillance cameras before grabbing piles of cash and escaping, police said. No one was injured in the robbery, apparently one of the biggest credit union heist in recent years.
The Federal Reserve and Federal Deposit Insurance Corp. said they have doubts about the feasibility of American Express' resolution plan, yet issued no formal deficiencies with theirs or any of the other 14 other large banks' resolution plans reviewed.
Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.
The Federal Reserve voted 6-1 to finalize its proposed stress test reforms, including seeking input on stress test scenarios and models annually and averaging results over two years.
After Congress passed a bill speeding up its demise, the penny will be more curiosity than currency.
The Federal Reserve's preferred measure of inflation came in lower for August than it had in earlier months, but a recent methodology change raises questions about the strength of the signal.
A federal indictment names Bank of America, M&T and seven other banks and credit unions, and quotes the texts that got deposits past their fraud controls.
