FARMINGDALE, N.Y. – A paroled convict was arrested here Saturday after a passing motorist saw a dye pack–apparently inside a bag of cash just stolen from nearby Commerce Bank–explode outside the bank. Police said Gregory Doughty, 49, of Amityville, had gone on a robbery spree that included the Teachers FCU in Amityville on Feb. 2, since his June release prison, where he was serving time for a 1998 bank robbery. After Saturday’s hold-up, a passing motorist saw the red dye pack explode and called 911, then followed the suspect, who was on foot. The suspect identified as Doughty, fled into a nearby ally where he changed his clothes, then went to a nearby sub shop, where he was found by police a short while later. Police believe Doughty also robbed an Apple Savings Bank on Jan. 26, and the same Commerce Bank branch on Nov. 19, as well as a McDonald’s.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
October 2 -
Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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