MOBILE, Ala. – Authorities are searching for a duo of ATM thieves who have used high-powered torches to break into at least 30 machines in six states in the southeast, stealing more than $1 million in cash. The bandits are seen on a surveillance video at Army Aviation Center FCU in Mobile using a sophisticated torch, believed to be a plasma torch, to open the cash machine and make off with the money in a matter of minutes. The two men are believed to be responsible for ATM break-ins in eight cities in Alabama, in Tampa and Miami; as well as cities in Mississippi, Georgia, South Carolina and North Carolina.
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The ICBA files a suit to stop the OCC from its charter spree, and the CFTC wants to change the rules to bring prediction markets under its regulatory remit.
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Former bank CEOs David Provost and Chip Reeves assumed control of Parkway Bank on Thursday. They plan to use the $3.7 billion-asset bank as a springboard for organic growth and potential M&A throughout the Midwest.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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