A would-be robber was captured a short while after he entered AAA FCU, asked for cash then grabbed a handful of money from the teller, setting off a dye-pack explosion hidden in the cash as he ran out to an assumed getaway car. But the suspect then jumped out of the back seat of the car and ran down the street with red dye splattered all over him, police said. The suspect, identified as a career petty criminal, was arrested a short time after the foiled heist. Police said the 42-year-old suspect has committed bank robberies in the past, including a 1994 incident where he left a demand note, written on the back of a hospital form complete with his name and address, on the bank counter. The three men who were waiting in the car outside the credit union had no knowledge of or involvement in the robbery, police said. The driver of the car had agreed to give the suspect a ride to a bank.
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The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.
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The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
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After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.
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The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
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Rising deposit costs have plagued banks in general, and the Tennessee bank had to pay up to bolster liquidity after its failed merger with TD. But First Horizon retained customers in the first quarter while not paying them the special rates they got last year.
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U.S. customers who have previously used Sweden-based Klarna's buy now/pay later financing — and paid off their loans in full — will be prequalified for interest-bearing loans through a new version of the Klarna Visa card rolling out later this year.
April 17