WATERFORD, N.Y. - (02/17/05) A loan officer at SilliconeEmployees FCU, merged last year into nearby Capital CommunicationsFCU, was charged Tuesday with stealing $60,000 from the creditunion through phony loans. Janet Marsh-Amoroso, 47, worked at thecredit union for 15 years. Suspicions of the embezzlement and therelated loan losses forced the credit union into last year'smerger.
After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
