JACKSON, Texas - (03/29/05)Approximately 600 letters havebeen sent to members of Midwest United FCU following a "phishing"scam attack on the PULSE network last week. The credit union saidit was seeking to be "proactive" in informing members of the fraud,in which an imitation website is created to fool members intorevealing financial information. The credit union reported that nomembers have been scammed to date.
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The top five banks and thrifts have combined total assets of nearly $13 trillion.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
April 22 -
The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.
April 22 -
Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.
April 22 -
The Federal Deposit Insurance Corp. says it's ready to wind down the global systemically important banks. But until that happens, many in the banking industry are skeptical that regulators have actually developed a workable strategy to end "too big to fail."
April 22