COLUMBIA, S.C. - (09/01/0) -- A local man was sentenced to 68months in prison Monday for robbing three robberies, two at SouthCarolina State CU last November. Eugene Sullivan, 28, robbed thecredit union's branch at Colonial Dr., then a separate branch atnearby Huger St. the next day. He also robbed a Wachovia Bankbranch a few days later. The robberies occurred while Sullivan wason bail after being released from a Florida jail in May 2004 onburglary charges.
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A Luxembourg court ruled against the bank in a long-running lawsuit tied to its custodial role for a fund that invested in the massive Ponzi scheme.
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The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain.
October 29 -
American Banker's 2025 Small Business Banking conference yielded lessons about the need for speed, simplicity and safety in small-business lending. Other key takeaways included the significance of digital payment options and the importance of continuing to process SBA loan requests during the government shutdown.
October 29 -
Nine months after acquiring Heartland Financial, Missouri's largest bank posted a complicated quarter.
October 29 -
The legacy money transfer firm plans to launch USDPT, a coin designed to improve international payment processing. That and more in the American Banker global payments and fintech roundup.
October 29 -
Credit analysts say climate risk could still pose a financial threat to financial institutions, even though the federal government has taken an ax to Biden-era climate guidance.
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