FAIRBANKS, Alaska – A women who held up Alaska USA FCU last year to pay her back rent was sentenced Monday to four years in prison. Elizabeth Steele told the judge she robbed the credit union branch inside the Fred Meyer Store out of desperation becaue she didn’t have the money to pay rent for herself and three kids. The 35-year-old mother said she also used some of the money from the December 19 heists to buy Christmas gifts for her kids.
A survey of community bankers found broad concern that the emergence of stablecoins will result in deposit outflows and reduced lending capacity.
Embedding the social network's agentic AI tool into Quickbooks provides fast access to financial services and payments for entrepreneurs.
The Federal Reserve is restructuring bank supervision into five regions, following state lines, and putting one regional leader in charge. It's also planning to revise regulatory thresholds so that banks will need to be bigger before tougher standards kick in.
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In their "bridge to wealth" study, Cerulli Associates and Morningstar look at how advisors can turn defined contribution plan participants into individual wealth management clients.
