COLORADO SPRINGS, Colo. - (10/11/05) -- A 64-year-old man was charged lastweek with using bomb threats to steal almost $50,000 during tworecent credit union robberies. A former roommate and two used carsalesmen were credited with helping nab Leonard McGraw, whoallegedly threatened to use bombs to rob Fitters Local 58 FCU ofmore than $47,000 on July 22, then to steal more than $2,000 fromthe Pentagon FCU branch on Sept. 29. Two salesmen at Perkins Dodgecalled police last week after they recognized the suspect insurveillance photos as the man who tried to trade-in his Dodgepickup, believed used as the getaway car. The suspect told thesalesmen his credit was poor so he was going to pay cash for twonew vehicles. McGraw's former roommate later told the FBI he wassure McGraw was the robber. The devices the suspect left behind atthe two credit unions are being tested to see whether they couldhave exploded.
-
The Office of the Comptroller of the Currency and 10 former officials filed amicus briefs that provide legal heft to banks battling the state of Illinois over a law that removes sales taxes and tips from interchange fees.
8h ago -
Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded.
8h ago -
Sen. Cynthia Lummis, R-Wyo., one of the most pro-crypto lawmakers in Washington, said any compromise on stablecoin yield would have to be limited to prohibiting rewards for stablecoin holdings rather than a broader ban.
9h ago -
Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.
9h ago -
Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.
9h ago -
Jurors determined that Aaron Luneke, the former chief financial officer of Bank of the Valley in Nebraska, obtained millions of dollars in loans — including from his own bank — by inflating contractor bills for a new car wash business.
9h ago











