GROVES, Texas - (01/19/05) -- Two local men agreed to plead guiltyto pilfering credit union ATMs holding almost $115,000 in cash intwo different incidents last year. The two were arrested last Juneafter one of them was caught transporting an ATM from GulfEmployees CU in Beaumont on the back of a flatbed trailer. The two,identified as Donald Pifer, Jr., 30, and Charles Cody, 32, had alsostolen an ATM from Texaco Comunity FCU in Port Arthur the monthbefore. That cash machine was found floating in a canal nearHighway 73 with $54,000 missing. The two men, each convicted on twocounts of theft, face up to 10 years in jail when they aresentenced.
-
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.
5h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
9h ago -
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.
10h ago -
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.
10h ago -
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.
11h ago -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
11h ago