OMAHA, Neb. - (08/19/05) -- Five suspects were arrested in theAugust 3 would-be armed robbery at Utilities CU, which was foiledonly because the credit union doesn't have any cash drawers. Duringthe robbery attempt, four of the suspects brandishing handgunsentered the credit union and demanded money. They left, though,when the tellers could not retrieve the cash. That's because thecredit union uses a De La Rue cash-dispensing machine which membersneed an account number to access. The machine handles alltransactions and handles all the cash going in and out. A fifthsuspect was waiting in a getaway car out side the creditunion.
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In its latest financial stability report, the Federal Reserve found that asset valuations continue to be elevated and leverage levels remain high, especially among nonbanks like hedge funds and insurance firms.
11h ago -
Federal Reserve Board Gov. Stephen Miran said the growth of stablecoins and cryptocurrencies will likely impact monetary policy and could lead to lower interest rates.
11h ago -
The Spanish bank says it can connect small and medium-size U.S. businesses with local market experts on its newly launched digital platform Navigator Global.
November 7 -
The Pittsburgh-based bank said Friday that it will focus on building 300 branches in high-growth markets by 2030. It also minimized the prospects for another acquisition on the heels of its recent deal for Colorado-based FirstBank.
November 7 -
Consumers' and merchants' penchant for 0% loans are boosting the buy now/pay later lender in its first fiscal quarter ended Sept. 30, as gross merchandise volume hit a record.
November 7 -
HoldCo Asset Management drops its pursuit of proxy battles with Columbia Banking System and First Interstate; Cape Cod's Mutual Bancorp prepares to acquire Bluestone Bank; Servbank HoldCo announces plans to acquire IF Bancorp; and more in this week's banking news roundup.
November 7





