HAYWARD, Calif. - (03/29/05)Two men have been charged infederal court with the takeover robbery of a SafeAmerica CreditUnion here that netted nearly $20,000. Court records show thatShawan Spragans, 29, and Antoine Lee Evans, 29, were arrestedshortly after allegedly robbing the credit union. Police said thatthe two men were clad in ski masks and armed with a semiautomatichandgun, and vaulted the counter. Evans allegedly grabbed acredit-union employee by the hair and pushed her to the ground,Dorman wrote. Hayward police spotted the suspects in a whiteCadillac and arrested them after they ran from the car.
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The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
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The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
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The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
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The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
April 18 -
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
April 18