PITTSBORO, N.C. - (09/27/04) -- One suspect was arrested and two arebeing sought in botched attempt to steal a State Employees CY ATMhere two weeks ago, which ended with three abandoned vehicles andthe ATM intact, lying at the side of the road. John Powell, 36, ofApex, was charged with felony breaking and entering and felonylarceny for busting in to an ATM kiosk, then tying a chain aroundthe machine and dragging it off its moorings. The thieves abandonedtheir efforts when the alarm sounded, then fled from police, onlyto run their getaway car into a nearby pond. The getaway car, aswell as a stolen pickup truck and stolen front-end loader used topull the machine from the kiosk, were all abandoned during theincident. Police have also issued warrants for two other suspectsthey believe were involved in the foiled robbery.
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Large banks seem comfortable paring back their capital positions while they await an updated proposal on the so-called Basel III endgame. The rules are widely expected to be more lax than what was proposed during the Biden administration.
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The ICBA opposed Coinbase's filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
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After more than a quarter-century as a regulator, Jason Sisack had planned to enjoy some time off before taking a new job. He reversed course once Carver, which is operating under an enforcement action, approached him.
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Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
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With the U.K. and U.S. giving a green light to the company's $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
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