SAUGUS, Mass. - (01/02/06) A teller at Saugus FCU was pistolwhipped and hit in the face by a robber after she hesitated to givehim money he was demanding. The teller was hospitalized afterwardand received two stitches, as was another teller who suffered shockand an asthma attack after witnessing the robbery. According topolice, the robber entered the branch waving the gun and demandingmoney, which he eventually placed into a Christmas shopping bag.CEO John Smolinsky told local media it was the first robbery in the21 years he has been with SFCU.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
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