ST. PAUL, Minn. - (02/15/05) A man charged with committing astring of 21 credit union and bank robberies over an 18-monthstretch pleaded not guilty to the charges in federal court Monday,even though authorities said he already confessed to 19 of theheists. The FBI said John Whitrock, 56, of nearby Burnside, was theserial bank robber known as the Fishing Hat Bandit, so-calledbecause he wore a floppy fishing hat at deep-water waders duringmost of the hold-ups. Whitrock was arrested Jan. 7 after robbingReal Financial CU, when the credit union manager, Dean Wickstrom,tracked him down during his getaway and alerted police to hishiding place. Authorities said 15 of the robberies were at creditunions and six at banks.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
February 9 -
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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