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 Reid had just withdrawn$4,500 in cash to purchase a hotdog stand she had been saving forfor years, police said.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.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
June 26 -
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
June 26 -
Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
June 26 -
The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
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