COLUMBUS, Ind. - (01/19/06) An 18-year-old male who held 20people at gunpoint at Centra CU last July was sentenced to sixyears in prison Wednesday. Police said Galen Kroger staged theassault not to rob the credit union but to provoke police intokilling him. Three psychologists who examined Kroger said the teensuffered from depression. Kroger stormed the credit union around 3pm wearing a bandana mask and armed with a rifle, but never askedfor money during a three-hour negotiation with police, after whichhe let go of all the captives. The stand-off ended when Kroger ranout of the credit union around 6 pm and police launched aflash-and-bang device next to him, knocking him to theground.
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The Federal Deposit Insurance Corp. issued a proposal setting application criteria for banks to issue stablecoins and sets a strict timeline under which banks may have their applications reviewed. The agency also reduced deposit insurance assessments for banks and slashed its 2026 proposed budget at a board meeting Tuesday morning.
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A new report from the Basel, Switzerland-based Financial Stability Board found that nonbank financial institutions grew considerably faster than banks in 2024 and now control more than half of the world's financial assets.
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GBank will serve as the bank partner for a cashless slot machine betting app that is looking to expand nationwide after getting a key regulatory approval in Nevada.
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The payments company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to create PayPal Bank. If approved, Mara McNeill, the former president and CEO of Toyota Financial Savings Bank, will serve as PayPal Bank's president.
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The small Missouri community bank partnered with embedded banking provider Treasury Prime to connect with fintechs and signed on its first sponsoree earlier this year.
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