SKOWHEGAN, Me. - (01/05/05) -- James 'Tony' Wildes pleaded guiltyTuesday to robbing Franklin-Somerset FCU twice last year, alongwith his teenage brother. Wildes, 20, pleaded guilty to two countsof robbery and one count of conspiracy and is scheduled to besentenced later this month, District Attorney Evert Fowle told TheCredit Union Journal. Wildes, along with his 16-year-old brotherChristopher Wildes, robbed the credit union's Madison branch of$15,000 on July 6 and $30,000 on Aug. 12. The younger Wildespleaded guilty to participating in one of the robberies and iscurrently serving time at a youth detention center.
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Noninterest income at the Minneapolis-based company jumped more than 10% while asset quality improved and expenses held steady.
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The bank technology company has released Smart Basket, which uses emerging artificial intelligence to improve transaction routing, a strategy that's quickly becoming table stakes for fintechs and financial institutions that offer payments.
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The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in North Carolina. At the same time, it plans to build 150 branches over the next five years in markets with longer-term growth prospects.
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Bank of New York Mellon recorded another quarter of higher-than-expected revenue and earnings. Revenue for the third quarter rose 9% year over year, while earnings per share beat Wall Street's forecast by 12 cents.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
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