LANSING, Mich. - (04/27/06) Fifteen Michigan StateUniversity students were charged this week with stealing almost$60,000 from MSU FCU in an ATM kiting scheme. The students hadaccomplices deposit stolen or bad checkssometime even emptyenvelopesat the credit unions ATMs, then withdrawcash before the credit union realized what was going on. Then thestudents would report their ATM cards stolen.
The stalemate over stablecoin yield leaves both sides uneasy, but ultimately favor banks.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
