PHILADELPHIA – A man suspected of robbing five area credit unions and banks in 2007, at least one while wearing gauze to hide is face, pleaded guilty yesterday to bank robbery charges.
Christopher Larue, 30, dubbed the Mummy Bandit by authorities, was tracked down because a teller at PNC Bank inserted a global positioning device in the stack of $1,500 he stole from the bank.
Among the institutions he hit was Bucks FCU in Warrington, where he got away with a mere $580.
1st Summit Bank in Johnstown, Pennsylvania, is offering high school graduates not just free training, but a seven-year employment guarantee. It's an approach that some experts think could catch on.
FinCEN and four banking agencies cleared mobile driver's licenses for customer identification. The question is, can banks read them?
Volume on a rail for AI agents to make transactions has fallen 93% in 2026 while related startups flood the market, suggesting technology is developing faster than demand. But payment experts say there's still a very bright future for shopping and checkout via advanced forms of AI.
Bankers are largely downplaying the impact of the Federal Reserve's interest rate increase. Some said this week that the quarter-point hike could be good for near-term profitability.
With three years of market appreciation buoying most advisors' revenue generation, Morgan Stanley says: Produce a bit more or see a small pay cut.
Credit Acceptance Corp. has agreed to provide $710 million in restitution and debt relief to resolve allegations of predatory lending by 41 state attorneys general.
