MARINA, Calif. - (11/22/04) -- A suspect who gave himself up lastJune three weeks after robbing Central Coast CU, pleaded guiltylast week to charges of armed robbery and shooting an employeeduring the hold-up--but not before stashing the vast majority ofthe $118,000 he stole. Jesus Osorio, 30, was arrested in LittleRock, Ark., where had had fled following the May robbery, but todate has only surrendered $1,000 of the stolen loot. During theheist, Osorio got frustrated over the length of time it took fortellers to compile and fired a shot into the floor. The shotshattered the bullet and deflected shrapnel into the foot of thebranch manager.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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