LOVELAND, Colo. - (07/21/05) -- An armed assailant believed to beresponsible for as many as a dozen financial institution robberies,including three at local credit unions, was arrested at his home inLas Vegas after employees at several of the institutions heallegedly robbed identified him from newspaper photographs. AlbertVaughan, 37, was dubbed the 'Front Range Bandit,' because heallegedly hit several credit unions in Colorado's Front Range,including Big Thompson FCU on March 3,and Longs Peak in Loveland,twice in 2003. Vaughan ahs confessed to all three credit unionheists, during which he brandished a pellet gun that looked like asemi-automatic pistol. IN a separate Fort Collins robbery, Vaughanstuffed the cash down the front of his pants where the dye packexploded. He was seen by a janitor in a public restroom pouringcold water on the money and dye pack. Vaughan told the FBI hecommitted so many robberies he couldn't remember all ofthem.
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The Trump administration hasn't formally charged Swalwell, Adam Schiff or Lisa Cook, while a federal court tossed a prosecution against Letitia James.
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Todd Lane, the CEO of California Coast Credit Union, described an allegation by an executive at San Diego County Credit Union as "categorically inaccurate." The two institutions are locked in a legal fight after their agreement to merge turned contentious.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
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