A man believed to have robbed Pawtucket CU in Cranston, R.I., was arrested just hours later at Mohegan Sun casino here with $1,400 of the stolen loot in his pocket. Vincent Rampone, 52, was spotted by security guards at the casino who had been given photos of the suspect, police said. Rampone allegedly confessed to the hold-up after he was arrested. He faces extradition to Rhode Island to face charges of bank robbery and larceny.
An uptick in problem loans within the heavily scrutinized office sector pushed down share prices at Rhode Island-based Washington Trust and Bank OZK in Little Rock, Arkansas, even though both banks reported solid profits.
Both banks deny their networks were breached. Experts say the data likely points to a single vendor that was compromised.
James filed a pair of lawsuits against Coinbase and Gemini arguing that they violated New York's sports gambling laws.
Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
The addition of HELOCs at SoFi comes alongside the launch of a new advisory group, as the company heightens its focus on real estate lending.
Tether launches a wallet, Rain issues a crypto card and MoneyGram extends stablecoin services in El Salvador. That and more in American Banker's global payments and fintech roundup.
