BARTOW, Fla. - (02/21/05) -- The Florida attorney general'soffice said Friday that deputies were justified in shooting asuspect in the Jan. 24 armed robbery at Florida Teachers FCU, thetown's first bank robbery in over 135 years. Wesley Caruthers, 38,was shot later that night as he held a women hostage at a nearbymotel. Authorities suspected Caruthers, who was on probation fromjail for robbing banks in Florida, Texas, Louisiana andMississippi, in the credit union hold-up. After reviewing theshooting, the attorney general's office determined deputies werejustified in using force under Florida statutes because they hadreason to think Caruthers was a dangerous felon, and they wereattempting to arrest him. Caruthers refused to leave his hotel roomor let his female hostage go, they noted. Though Caruthers wasunarmed at the time, deputies had reason to believe he could bearmed, especially because during that afternoon's robbery heimplied he had a gun.
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Large banks seem comfortable paring back their capital positions while they await an updated proposal on the so-called Basel III endgame. The rules are widely expected to be more lax than what was proposed during the Biden administration.
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The ICBA opposed Coinbase's filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
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After more than a quarter-century as a regulator, Jason Sisack had planned to enjoy some time off before taking a new job. He reversed course once Carver, which is operating under an enforcement action, approached him.
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Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
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With the U.K. and U.S. giving a green light to the company's $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
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