SOUTH BEND, Ind. - (06/20/05) -- A would-be robber was captured ashort while after he entered AAA FCU, asked for cash then grabbed ahandful of money from the teller, setting off a dye-pack explosionhidden in the cash as he ran out to an assumed getaway car. But thesuspect then jumped out of the back seat of the car and ran downthe street with red dye splattered all over him, police said. Thesuspect, identified as a career petty criminal, was arrested ashort time after the foiled heist hiding in some nearby bushes.Police said the 42-year-old suspect has committed bank robberies inthe past, including a 1994 incident where he left a demand note,written on the back of a hospital form complete with his name andaddress, on the bank counter. The three men who were waiting in thecar outside the credit union had no knowledge of or involvement inthe robbery, police said. The driver of the car had agreed to givethe suspect a ride to a bank, where he was told the man was goingto deposit a check.
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For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue at the expense of regional bank independence.
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Beth Johnson, a self-described math geek, is driving the bank's ESG strategy and training its employees to keep pace with industry trends.
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The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
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The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
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