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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A Luxembourg court ruled against the bank in a long-running lawsuit tied to its custodial role for a fund that invested in the massive Ponzi scheme.
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The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain.
October 29 -
American Banker's 2025 Small Business Banking conference yielded lessons about the need for speed, simplicity and safety in small-business lending. Other key takeaways included the significance of digital payment options and the importance of continuing to process SBA loan requests during the government shutdown.
October 29 -
Nine months after acquiring Heartland Financial, Missouri's largest bank posted a complicated quarter.
October 29 -
The legacy money transfer firm plans to launch USDPT, a coin designed to improve international payment processing. That and more in the American Banker global payments and fintech roundup.
October 29 -
Credit analysts say climate risk could still pose a financial threat to financial institutions, even though the federal government has taken an ax to Biden-era climate guidance.
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