ALEXANDRIA, Va. - (06/10/05) -- A former accounting clerk and loanofficer who was convicted of stealing $265,000 from Georgia PowerNorthwest FCU , was among eight individuals banned by NCUA from thecredit union industry Thursday. Kristi Brooks confessed toembezzling the funds from the Rome, Ga., credit union, in 58transactions between January 200 and June 2003. Also banned were:Vivian Gonzalez, former manager, and Danilla Swindle, former loanofficer, at Fitters Local 58 FCU, Colorado Springs, Col.; MichaelHayes, former chairman of the board at Utica Cutlery Employees FCU,Utica, N.Y.; Marc Miller, former vice president of Arrowhead CU,San Bernardino, Calif.; Rose Rodriguez, former employee of TropicalFinancial CU, Miami; David Smith, former board chairman ofPennsylvania Central FCU, Harrisburg, Pa.; and Lois Thomas, formerbranch manager at Louisiana Public Health Workers FCU, Metairie,La.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
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The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
June 26 -
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
June 26 -
Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
June 26 -
The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
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