Seeking to raise awareness of a new ATM location and its new community charter, Georgia Federal Credit Union mixed in some $50 bills with $20 bills inside the new ATM. It then tied the promotion to the Twilight Criterium Bike Race with newspaper ads, posters and flyers headlined, "Race to the GFCU ATM and win free cash." The event draws 30,000 attendees. The $360-million Georgia Federal's new charter is open to anyone who lives, works, worships, volunteers, or attends school in Clarke County. Its new branch is the first in the county.
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President Donald Trump asked the Supreme Court to reverse a lower court ruling allowing Federal Reserve Gov. Lisa Cook to remain in office pending the outcome of her lawsuit challenging Trump's move to fire her late last month.
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The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
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Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
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Former employees at First Horizon Bank and M&T Bank committed crimes by misappropriating customer data and stealing money from a customer's bank account.
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Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
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The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
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