SAN ANTONIO - A state grand jury indicted three gunmen last week on charges related to December’s multi-county car chase, after the suspects allegedly robbed San Antonio FCU. A State Trooper was injured by gunfire and several bullets struck San Antonio police cruisers during the shoot-out. The three suspects, Michael Hurtado, 23 and his 24-year-old brother Liborio Hurtado, and Armando Contreras, 24, were each indicted on robbery and assault charges. Police said the three stormed the credit union wearing army fatigues, ski masks and bullet-proof vests and carrying semi-automatic weapons, before making off with an undisclosed amount of cash. They led police on a high-speed chase on Interstate 35 and were forced to a halt when the pick-up truck they were getting away in careened over the highway median. During an ensuing gunfight, at least 20 cars were hit by bullets and one of the suspects and a state trooper injured.
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The payments fintech recently introduced AI agents to its lineup of products banks and credit unions can pick from and add to their existing technology stacks.
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Haiqu's new encoding technique allows quantum computers to process high-dimensional financial data, showing improved performance in spotting anomalies.
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The Virginia-based bank had been an example of what can go wrong when banks partner with fintechs. After being released from an OCC enforcement action, Blue Ridge is now focused on operating as a traditional community bank, said CEO Billy Beale.
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The payments company is expanding the transfer app in an effort to entice more consumers to use the service as their primary banking relationship
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Customers of fintechs like Yotta and Juno, who in some cases lost their life savings, may start to get reimbursed out of the agency's Civil Penalty Fund, but no timeline has been announced for repaying them.
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MetroCity Bankshares in Doraville, Georgia, plans to finalize its acquisition of First IC Corp; Rockefeller Capital Management's Brian D. Riley will join BNY Wealth as global head; Blackstone appoints former Morgan Stanley rainmaker Franck Petitgas to a top role in Europe; and more in this week's banking news roundup.
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