WASHINGTON - (12/19/05) Troy Stang, who left the Texas leagueto joined the Treasury Dept.s office of CommunityDevelopment Financial Institutions, said he will leave Treasury onDec. 30. I believe now is the right time for my transitionfrom public service at Treasury to the next chapter of myprofessional career, said Stang. During thistransition, I look back on the many accomplishments for the agencyand the financial institutions in our country. Stang, who atone point was rumored to be a potential nominee to the NCUA board,did not indicate what his immediate plans are.
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The top five banks and thrifts have combined total assets of nearly $13 trillion.
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A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
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The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
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The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.
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Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.
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