SAN DIEGO - (11/18/04) -- Authorities are hunting for anunarmed bandit who has hit as many as 11 area financialinstitutions since August, most recently Mission FCU in October andUSA FCU last week. The serial robbery, dubbed 'the Bearded BagBandit,' because of his unshaven face and habit of using a cloth orcanvas sack to carry off the loot, usually waits in a teller line,then passes the teller a demand note, according to the FBI. The FBIis also tracking another serial robber believed to be responsiblefor as many as nine area heists. That thief is known as 'the Fed-ExBandit,' because of the type of envelope he uses to carry thecash.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
March 27