SAN ANTONIO, Texas - (12/26/05) A State Trooper was removedfrom intensive care for the Christmas weekend and was recoveringfrom head wounds received during a gun battle Thursday with threemen who robbed San Antonio FCU earlier in the day. George Correa,34, was hit in the forehead by a bullet that cam through thewindshield while police were chasing the suspects during ahigh-speed chase that lasted more than 40 minutes and only endedwhen the pickup truck the suspects were driving careened over themedian of Interstate 35. Charges, including attempted murder andarmed robbery, are pending against Michael Hurtado, 23, his brotherLiborio Hurtado, 24, and Armando Contreras, 24, each of whom shotat a police officer or civilian during the three-county chase,during which 20 vehicles were hit by gunfire. The three allegedlystormed the credit union wearing army fatigues, ski masks andbullet-proof vests and carrying semi-automatic weapons, beforemaking off with an undisclosed amount of cash.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
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.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
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.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
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