NORTH CANTON, Ohio - (11/17/05) -- ATM maker Diebold Inc., saying itwants to help Americans rid themselves of more than $10 billion incoins, introduced its own coin counting machine Wednesday. Thecompany's CointCount machine will help credit unions and banksexpand their service offerings by providing fast coin-countingright outside the branch. The machines will be offered in twomodels which will provide a receipt that can be presented to ateller in exchange for currency. The systems will separate coinsfrom debris, like jewelry, paper clips and other items that oftenget stuck in with loose change. The non-coin items will be returnedto the customer through a pocket in the front of the machine. Afterusing CointCount, customers can take their receipts to a DieboldRemoteTeller ATM to deposit the funds in their accounts.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
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House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
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The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
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A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
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Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
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The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
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