Las Vegas-based Business Bank of Nevada said it has recovered $800,000
Al Alvarez, president and chief executive officer of the $120 million-
The funds are being repaid by Errol Vestuto, who owned the ATMs. In a
Bank officials said the lawsuit has been put on hold.
The SEC is reportedly preparing a proposal that would give banks and other companies the option to report their earnings every six months, adding urgency to a long-running debate over how firms communicate with investors.
The Office of the Comptroller of the Currency and 10 former officials filed amicus briefs that provide legal heft to banks battling the state of Illinois over a law that removes sales taxes and tips from interchange fees.
Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.
