ST. PAUL, Minn.-An elusive robber who may have robbed as many as many as six area financial institutions was arrested after allegedly holding up the Wakota FCU in South St. Paul. Steven Olson, 47, of South St. Paul-known as the "Bandana Bandit" for his choice of disguise-confessed to robbing the credit union and at least five other area institutions, police said. Olson was captured in part because a customer using the credit union ATM saw the robbery and followed him.
The group behind the proposed Georgia Skyline Bank says recapitalizing a 24-year-old Virginia bank offers a faster path to success than a new charter would.
IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
A consortium of international FIs are planning to issue a U.S. stablecoin in early 2027; London-based OpenPayd has entered the U.S. through its acquisition of MSB USA; the U.K. fined Citi £4.7 million ($6.3 million) for hundreds of transactions in breach of sanctions against Russia; and more in this week's banking news roundup.
The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
Swift's network of 11,500 banks can exchange deposit tokens in a standardized way.
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
