SAN FRANCISCO - (01/23/06) Police raided a Johnson City,Tenn., hotel room last week and arrested a former contract workerfor Embarcadero FCU who allegedly set up a phony $3.1 million homeequity loan for himself while he worked at the San Francisco creditunion. David Read, 23, was an employee of OfficeTemp, a temporarystaffing agency, when he allegedly created the fictitious loan tohimself on his computer at the credit union, then transferred morethan $300,000 to outside accounts in November and December. Readnever returned to work after credit union officials discovered theloan and froze access to the computer network.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
April 25 -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
April 25 -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
April 25 -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25