ALBUQUERQUE, N.M. - (12/05) -- A young man believed responsible for asmany as seven area robberies over the past two weeks--includinglast Saturday's at Sandia Laboratory FCU--was arrested earlyTuesday morning by local police and FBI agents, while a second manbelieved to be his mentor is still on the lam. Marc Dutch, 22, wasnicknamed the Rookie Robber because of his youth and his cooldemeanor in pulling off armed robberies. Agents believe he wasbeing coached by an older and more experienced bank robber becauseof his practiced method. The older mentor, identified as39-year-old George Hyatt, was spotted by police driving his car innortheast Albuquerque Tuesday, but Hyatt ditched his car and fledon foot. A dye pack exploded after Saturday's robbery, spilling reddye over both the cash and the demand note and prompting the robberto throw both out the window of the getaway car. Dutch wasidentified by fingerprints on the note. Dutch is believed to beresponsible for armed robberies at First Financial CU and NewMexico Central CU, as well as four local banks. Police said Hyatt'srecord includes four arrests for robbery, including a 2000 hold-upat New Mexico Central CU, one of the institutions the Rookieallegedly robbed.
-
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
3h ago -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
3h ago -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
4h ago -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
5h ago -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
5h ago -
The Bank of England may cap ownership, drawing ire from crypto groups that claim that will hinder innovation.
5h ago