PORTLAND, Ore. - (06/05/06) A suspect believed to beresponsible for eight area bank and credit union robberies wasarrested along with his girlfriend, believed to be an accomplice inseveral of the hold-ups, last Wednesday during a traffic stop.James Ellis, 33, was charged in federal court Friday with severalcounts of bank robbery, including the March 20 heist atConsolidated CU, in Portland. Police believe Ellis carjacked avehicle in the Tigard, Ore., area that day, then used the stolenvehicle as a getaway car at the credit union and at least one otherrobbery. The stolen car later was found abandoned in northeastPortland. Elliss girlfriend and alleged accomplice,27-year-old Angela Lee, was arrested on an outstanding drugcharge.
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The Cincinnati, Ohio-based bank delivered third quarter earnings that mostly met expectations, even as it took a $200 million blow to credit.
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The Charlotte, North Carolina-based bank reported net income of $1.45 billion for the third quarter and earnings per share of $1.04, which beat analysts' forecast of $0.99 per share.
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Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
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CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
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Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
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Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
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