A serial bank robber was mistakenly released for four hours after his capture last week after confessing to 16 area credit union and bank robberies since last July, including 10 in his hometown of Sandy. Three civilian employees at the Salt Lake County Jail failed to double-check the release date for Jeremy Van Duren and allowed the serial robber to walk away at 10 p.m. But the erroneous release of the robber, known as "Slim Jim" for his slender physique observed on surveillance videos, prompted a rapid manhunt and the bandit's re-arrest by 2 a.m. The jail employees had failed to notice that a judge had given prosecutors an extension for filing charges. Among the institutions Van Duren confessed to robbing are: America First CU and CU Service Center Van Duren told police he robbed the credit unions and banks to support a drug habit.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
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