ELLICOTT City, Md. - (06/12/06) A suspected bank and creditunion robber nicknamed Speed Racer for his fleetnessof foot, was no match for a 240-pound restaurant owner who tackledhim and held him long enough for police to arrive after a localbank robbery in the Baltimore suburb last Wednesday. Police thinkthe capture of Luvine Summers, Jr., 30, will clear as man as adozen bank robberies in three counties. The robbery suspect wasdubbed Speed Racer in May last year after a suspect bySummers description robbed a Johns Hopkins FCU branch inBaltimore, then an American bank branch in Ellicott City 15 minuteslater. Summers was collared when Joe Mannarelli, 35, and owner ofSerafinos Italian restaurant, saw a man in a constructionsuit jogging past his restaurant window with a red dye packexploding in the backpack. Mannarelli ran to the door and yelledstop, then gave chase when the suspect kept running.The 5-foot-9 Mannarelli chased the suspect a few blocks into anearby apartment complex, then jumped him when the alleged robberslowed for traffic.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
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