JACKSON, Mich. - (10/08/04) -- Prosecutors told a state courtThursday that even though the suspect in last December armedrobbery at Jackson-City CU wore rubber gloves he left behind aknife with DNA tying the weapon to defendant Dequan Hall.Testifying in his own defense, Hall, a 25-year-old Detroit native,swore he wasn't in Jackson the day of the robbery and charged thatwitnesses claiming that he was lied under police pressure. A keywitness testified that Hal bragged to him about robbing the creditunion and going on a spending spree in Detroit. Police say Hall wasthe man who entered the credit union wearing a black hood over hishead and a bandana to hide his face, but forgot to bring a bag,requiring him to leave behind thousands of dollars he might havestolen otherwise. The thief did make off with $14,725 thatday.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
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Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
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Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
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Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
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Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
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While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





