ROCKLAND, Mass. - (07/08/05) -- The photo of Kevin Donovan posing inhandcuffs with men appearing to be local police officers in frontof a police cruiser was meant to be a joke promoting the band ofthe police chiefs son. But now the promo appears to be morethan a joke as the chiefs 34-year-old offspring is wantedfor a string of armed robberies, including Tuesdays hold-upat HarborOne CU, last weeks robbery at Crescent CU, and aheist at Rockland Trust two weeks ago. Bank robbery appears to be alittle more than a passing fancy for the troubled lead singer ofGun Dog, who served three-and-a-half years in prison on federalbank robbery charges. Authorities said the fugitiveslikeness, with clearly identifiable tattoos, was visible on thesurveillance video after Tuesday hold-up.
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Backed by tech billionaires, the crypto-focused digital startup bank's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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The application follows on the heels of Circle and Wise, as crypto and payment companies seek crypto custody approval and direct access to the Federal Reserve payment system.
11h ago -
The credit union regulator, responding to a recent executive order, has established strict new standards for prosecuting financial crimes. Regulators are now supposed to make criminal referrals only in cases where putative defendants appear to have known they were breaking the law.
July 2 -
Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
July 2 -
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
July 2 -
A federal judge in New York has rejected Huawei's effort to toss charges alleging bank fraud, sanctions violations and trade secrets theft.
July 2