CORTEZ, Colo. - (05/12/06) -- A state court jury found DanjaVaughn guilty Wednesday of last May's robbery of $105,000 fromSouthwest Colorado CU, finding Vaughn conspired with her motherSharon Vaughn and the lone teller on duty at the time, RebeccaSmith, in the credit union heist. Vaughn's 61-year-old mother,Sharon Vaughn, pleaded guilty to the robbery in March. Mother anddaughter were arrested after police discovered more than $40,000 incredit union loot hidden in their apartment. They first becamesuspects when Sharon Vaughn tried to pay her back rent with $20,000in $20 bills stolen from the credit union. The two women triedunsuccessful to commit suicide after they learned police were on tothem. They were found unconscious in a van on a rural road afterhaving ingested tranquilizers and hazardous chemicals. Smith, whooriginally told police the Vaughns were not involved but changedher story to implicate the two, has pleaded guilty to conspiracycharges in the case.
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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 Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
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The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
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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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Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
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