CENTENNIAL, Colo. - (02/16/05) Police are searching for a manwho robbed the Columbine FCU here Friday afternoon who they believemay be responsible for several other area robberies. The robber hasbeen dubbed Mr. Magoo because of thick bottle-cap glasses he woreduring the hold-up. After handing the teller a demand note, therobber threatened the woman, saying, "Clear the till or I'll killyou. "When the teller looked around the room, the robber reportedlysaid, "Look at me, or I'll kill you." He also showed her whatappeared to be the butt of a gun that he kept near his waist. Therobber took the cash and left. The robber's appearance was similarto the person described in at least 15 other recent bank robberies;a white man wearing a baseball cap and thick glasses.
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Revolut receives a banking license, while SumUp introduces its payments hardware. That and more in the American Banker global payments and fintech roundup.
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The Department of Justice has filed a motion opposing the Consumer Financial Protection Bureau employee union's appeal of an August DC Circuit ruling allowing the administration to fire up to 90% of the agency's workforce.
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Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.
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The president of the planned Georgia Skyline Bank says he's cautiously optimistic that his group can raise $35 million of startup capital in time for an opening early next year.
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The Trump administration has ordered banking agencies to root out and identify instances of politically-motivated debanking while at the same time raising pressure on banks to scrutinize or potentially sever their ties with liberal nonprofit clients. That dynamic creates a compliance puzzle with no obvious answers, experts say.
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Speakers at the Most Powerful Women in Banking conference Tuesday shared several scenarios in which banks will benefit from dollar-pegged cryptocurrency.
October 21