MONTEREY, Calif. - (10/20/04) -- Two men believed to be responsiblefor a rash of area ATM robberies were arrested last week andcharged with the attempted burglary of the Monterey CU ATM. Thesuspects, identified as Duane Metcalfe, 31, and Jeremy Davis, 31,were observed by police going to the credit union earlier inseparate cars earlier in the day and were seen near the ATM whenthe sounds of a circular saw were heard moments late. Policebelieve the two men accessed the rear of the credit union building,then began crawling underneath the building until they reached theATM,. The then left a circular saw and chainsaw behind, which theyplanned to use to break into the ATM later on when they were toreturn to complete the job. Video cameras nears the machine wereeither disabled or moved to hide the attempted break-in.
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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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