BROKEN ARROW, Okla. - (06/09/06) Police are praising a localwoman who found a lockbox loaded with $40,000 that was supposed tobe used to replenish ATMs and turned it in. Teresa Stiles wasgassing up her car when she saw the lockbox fall off a Brinks truckMonday morning. When the driver of the truck failed to stop, Stilespicked up the lockbox and drove it to the Broken Arrow PoliceDepartment. The box was fully intact and still sealed when shebrought it in to police. I would hope that if anybody elsewould find it they would have done the same thing I did,said Stiles.
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
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