FAIRFIELD, Calif. - (07/20/04) -- A member of Travis CU saw her dreamto buy her own business disappear last Monday when a gun-wieldingassailant knocked her down and grabbed $2,700 of her savings, ashot while after she withdrew the cash from her husband'sretirement account. Linda Reid, 50, was attacked andpistol-whipped, then robbed after she went to get lunch on her wayfrom the credit union, according to police. Reid had just withdrawn$4,500 in cash to purchase a hotdog stand she had been saving forfor years, police said. She was going to get a cashier's check butcouldn't remember the spelling of the man's name who was selling itto her. The robber, who was apparently watching her withdraw thecash, followed her outside and attacked her a couple of blocksaway, according to Fairfield Police Lt. Gary Rogers. "The robberywas actually in a different parking lot," Rogers, told The CreditUnion Journal. Though Reid exchanged blows with her assailant--eventaking a bite out of his leg--he grabbed the whole pile of cash.When she lunged at him she was able to retrieve about $1,800 of it.Police are reviewing surveillance videos taken at the credit unionto determine whether the assailant can been seen watching Reid makethe withdrawal. Travis CU has opened an account in Reid's name tohelp her recoup some of her lost savings and has already collected$800.
-
Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
March 27











