EDINA, Minn. - (01/17/05) -- The 52-year-old manager of RealFinancial CU, who put his life on the line to chase down theFishing Hat Bandit and locate him for police to capture, isprobably out of the money when it comes to the $20,000 rewardoffered by the FBI for help in the arrest of the state's mostprolific bank robber. FBI policy is that employees and managers ofcredit unions and banks are not eligible for the bounties offeredin assisting the capture of criminals, according to Paul McCabe,special agent for the FBI, who added that any reward will be heldin abeyance until the bandit is either convicted or found innocent."Normal procedure is that we wait until the case has beenadjudicated," McCabe told The Credit Union Journal. That probablymeans that Real Financial CU manager Dean Wickstrom, who policecredited for the capture of the elusive serial robber, will not bereceiving the reward, according to McCabe. The bandit, identifiedas John Whitrock, of nearby Burnside, is believed to be responsiblefor as many as 24 robberies over the past 18 months, all but two ofthem at credit unions.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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