LUBBOCK, Texas - (02/06/06) Two young men who were arrestedby a local SWAT team that smashed the windows of their cars anddented the vehicles in the process, were set free Friday afterspending two nights in jail for suspicion of robbing Plains BellFCU the previous week. The two, Dale Imhoff, 21 and his friend,Jeremy Yost, 20, apparently fit the description of the armed creditunion robbers and had even come into $14,000the same amountstolen from the credit union-- from a recent settlement of a carcrash case, police said. But the two were cleared after taking liedetector tests and after police check what turned out to beairtight alibis. Lubbock police told the men the city of Lubbockwould cover the cost to repair their vehicles and the cost ofimpound.
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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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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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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.
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