LAKE CHARLES, La. - (11/16/05) -- The FBI is investigating the theftof as much as $480,000 from McNeese FCU they believe was taken by along-time employee. The suspect is a former teller who is believedto have misappropriated the money over an eight-year period. Theex-teller reportedly confessed to an elaborate scheme by which shetook funds from member accounts, then shifted funds betweenaccounts to hide the theft. The suspect has not been charged yet,authorities said.
The Royal Bank of Canada's base outlook is that tariffs will remain at their current levels. But it also sees a possibility that U.S. trade policy will bring on a severe North American recession.
The Brazilian neobank attributed a Q4 boost in its credit portfolio to its AI-powered underwriting tool, but expenses caused it to miss Wall Street estimates.
Acquiring the $386 million-asset Pacific West Bancorp extends a strengthening bull market for bank M&A.
After completing a migration to its proprietary tech stack, Chime is setting its sights on GAAP profitability in 2026 following a strong fourth quarter.
The Toronto-based bank reported higher revenue across the entire company, including in the U.S., and kept expenses in line with its previous projections.
Senate Majority Leader John Thune, R-S.D., moved to consider the housing package next week, but it's not clear what version of the bill senators will be voting on as the House, Senate and White House are still negotiating priorities.
