KOKOMA, Ind. – A woman suspected of stealing almost $500,000 while servicing credit union and bank ATMs before disappearing six years ago walked into the police station Monday and gave herself up. Authorities had been searching for Cynthia Wismiller since November 2000, when they said she took $286,000 from six ATMs in the Kokomo area, and another $200,000 from her employer, Armored Services Inc., of South Bend. Police Det. Mike Banush said they had tracked Wismiller from cell phone calls from her two grown children to where she was living in Florida. “She knew that we were closing in on her,” Det. Banush told The Credit Union Journal.
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Research shows artificial-intelligence programs bolster bad decisions and reduce diversity of thought, posing risks to banks' culture and governance.
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RIAs that custody less than $100 million with Fidelity have several options to choose from before being forced out of the firm next year. None of them is necessarily easy.
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Federal Deposit Insurance Corp. Chair Travis Hill said Tuesday that regulatory changes to bank supervision and M&A rules are meant to improve safety and soundness rather than water down oversight.
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Attackers suspected of using AI got into Korean banks through side doors. The apparent failures were ordinary cyber hygiene, the kind U.S. regulators keep naming.
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While it isn't a household name in most U.S. wealth management circles, RQD* Clearing just drew a substantial growth investment on the basis of its international clearing business. Can that translate to more stateside RIA relationships?
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A survey of community bankers found broad concern that the emergence of stablecoins will result in deposit outflows and reduced lending capacity.
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