ST. PAUL, Minn. - (05/02/05) -- The Fishing Hat Bandit, who menacedmetropolitan area credit unions for a year-and-a-half, is expectedto withdraw his plea of innocence and plead guilty to some of the22 charges pending against him later this week.Fifty-seven-year-old John Whitrock, of nearby Burnside, pleaded notguilty in February to 21 robberies and one attempted robbery--16 ofthem at credit unions--in what was the most prolific string ofbanking robberies in the state's history. Authorities believe hemay have been responsible for as many as 25 robberies during an18-month spree. He is scheduled to appear in federal court Fridayfor a change-in-plea hearing. Whitrock, nicknamed for hispreference of a floppy fishing hat and deep-water waders duringmost of the heists, was arrested Jan. 7 after robbing RealFinancial CU, when the credit union manager, Dean Wickstrom,followed him during his getaway and alerted police to his hidingplace.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
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The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
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