GREEN COVE SPRINGS, Fla. - (02/28/06) A Jacksonville man was arrestedand charged last week with counterfeiting at least $100,000 worthof payroll checks then cashing the bogus checks on local creditunions and banks. Authorities said after his arrest Roland Johnson,20, admitted to printing the phony checks and driving aco-conspirator to Community First CU and Navy FCU to cash them.Johnson has been charged with grand theft and defrauding afinancial institution.
Participate, a loan participation network, has agreed to use tokenized dollars issued by Custodia Bank and Vantage Bank.
Royal Bank of Canada is rolling out AI across its businesses in an effort to become more efficient and generate more revenues. The Toronto-based bank recently created an internal AI accelerator that directly reports to CEO Dave McKay.
The Ohio-based lender is accusing Atlantic Coast Mortgage of stealing customers, while a Chicago bank is accusing Lower of raiding a Maryland branch.
For the second week in a row, the 30-year fixed increased by 11 basis points, Freddie Mac found, a result of reaction to oil price hikes from the Iran conflict.
U.S. Bank's merchant acquiring group this week named Wally Mlynarski — formerly of Bank of America and a former executive at Evalon — to the top job as AI sweeps over the industry and with fintechs and traditional rivals ready to pounce.
The Federal Deposit Insurance Corp. rolled back a 2009 policy that banned nonbanks from buying failed banks, a move the agency says aims to widen the bidder pool and cut failure costs.
