BOSTON - (06/28/06) As many as 400 street-toughs togun collectors traded in their firearms at their local policestation over the past month for a $200 gift card to Targets underthe Boston Polices gun buyback program, aimed at curbingstreet violence. Boston CU stepped in with a $5,000 donation as theprogram was running out of money. The Mark Wahlberg YouthFoundation also kicked in $10,000. Among the guns handed in so farare: Ruger .22 calibr rassault rifle; a Civil War replicablack-powder revolver; and a Walter PPK, the preferred gun forJames Bond. Most of the guns were handed in by young men, but agrandmother turned in two pieces she found in her grandsonsroom.
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The Federal Deposit Insurance Corp. issued a proposal setting application criteria for banks to issue stablecoins and sets a strict timeline under which banks may have their applications reviewed. The agency also reduced deposit insurance assessments for banks and slashed its 2026 proposed budget at a board meeting Tuesday morning.
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These are the executives, regulators, investors, disruptors and firebrands who will have the biggest impact on bankers in the coming year.
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A new report from the Basel, Switzerland-based Financial Stability Board found that nonbank financial institutions grew considerably faster than banks in 2024 and now control more than half of the world's financial assets.
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GBank will serve as the bank partner for a cashless slot machine betting app that is looking to expand nationwide after getting a key regulatory approval in Nevada.
December 15 -
The payments company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to create PayPal Bank. If approved, Mara McNeill, the former president and CEO of Toyota Financial Savings Bank, will serve as PayPal Bank's president.
December 15 -
The small Missouri community bank partnered with embedded banking provider Treasury Prime to connect with fintechs and signed on its first sponsoree earlier this year.
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