CREESTVIEW, Fla. – A member of Eglin FCU was charged with grand theft last week, nine months after he withdrew $3,250 that was mistakenly deposited into his account. Jeremiah Lynn, 24, withdrew the money on Oct. 31; six days after a posting error had deposited $6,862 into his credit union account, which had a previous balance of $333. A surveillance camera at the credit union branch shows Lynn withdrawing the funds.
Betterment Advisor Solutions, formerly Betterment for Advisors and Betterment Institutional, is changing its platform fees into a tiered rate that begins at 0.20% for advisory practices with less than $10 million in the business, Betterment CEO Sarah Levy says.
The White House's top economist says inflation is already at the Fed's 2% target and suggested that further rate hikes could jeopardize growth.
The New York-based bank says the small-business fintech's cheaper deposits will help reduce its reliance on costly wholesale sources.
The Federal Reserve's Office of Inspector General released a report Monday highlighting weaknesses in how information security incidents are identified and resolved.
Citi is an aggressive customer of and investor in AI companies. Arvind Purushotham, head of Citi Ventures, shares what he's currently looking for.
Zervos has argued that the Federal Reserve's monetary policy is too restrictive and backed Treasury's expanded buybacks of long-term debt.
