COLUMBUS, Ohio - (09/05/05) -- A man convicted in six kidnap-stylerobberies at credit unions, banks and check casher--including thebiggest credit union heist ever-- was sentenced Friday to 147 yearsand eight months in a federal prison. Gary Watkins, 41, wasconvicted in May, of staging a string of robberies with hisbrother, Eric Watkins, that included the kidnap-style robbery atWestern CU in July 2003, in which they stole $643,000, believed tobe the most ever robbed from a credit union. The gang was alsobelieved to be responsible for the May 2003 robbery of $145,000from Whitehall CU, and several other heists, with a total take ofmore than $1 million. Also convicted in the gang were: Frankie LeeJones, Gary Watkins' brother-in-law, and Jones' brotherDarryl.
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Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
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The fintech sponsor bank plans to offer digital asset services.
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The Museum of American Finance opened a free, Smithsonian-affiliated home in Boston's Seaport on Friday, betting it can make money history stick.
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The Alabama company has a long history of absorbing smaller firms with special skills. Acquiring the investment bank Frazer Lanier, an analyst said, is another example of that strategy.
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The Federal Reserve issued a "prompt corrective action" enforcement action against Kansas-based Small Business Bank, the third enforcement action against the bank since 2023.
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The Independent Community Bankers of America is lobbying Congress to require federal credit unions to disclose CEO pay, as most other nonprofit organizations must do. The calls follow the discovery of a massive embezzlement scheme led by the CEO of a Mississippi credit union.
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