MIDLAND, Texas - (06/15/06) The FBI said a report of anarmed robbery by a man walking through the drive-thru lane atComplex Community FCU was actually a phony incident apparentlystaged by one of the credit unions employees. The employeereported to police that a man approached the drive-thru lane onfoot and used the teller tubes to send a note that demanded moneyand claimed the assailant had a bomb, so he gave the suspect cash.All the money has been recovered and one individual has beencharged in the hoax, authorities said.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
26m ago -
Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
26m ago -
Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
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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





