MILWAUKEE - (12/03/04) -- A suspect in as many as a dozenkidnap-robberies was finally captured last week when Milwaukeepolice arrested him and a partner as they showed up to exchangetheir latest kidnapping victim for ransom. After his arrest,26-year-old Lamar Ray told FBI agents that he'd mastermindedsimilar crimes, beginning in 2001 when he targeted two employees ofthe Educators CU. But both attempts were botched. In one instance,an employee was shot in the shoulder. In the other, the employeewas tied up in her own garage and forced to hand over the keys, butRay told investigators he couldn't get them to work. Ray toldauthorities he learned from his mistakes in the failed credit unionincidents a year later, when he kidnapped the manager of anotherEducators CU branch, then he tied up her husband and son, beforeforcing her to open the credit union. He used the same plot insimilar robberies at Checkland and Check Cashers last year, policesaid.
-
HoldCo Asset Management says that shareholders should reject Fifth Third's proposed acquisition of Comerica during a Jan. 6 vote due to what it calls an "unacceptable" negotiation process and the possible upside from another deal.
2h ago -
Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
December 12 -
Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
December 12 -
In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
December 12 -
The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
December 12





