COLUMBUS, Ind. - (01/19/06) An 18-year-old male who held 20people at gunpoint at Centra CU last July was sentenced to sixyears in prison Wednesday. Police said Galen Kroger staged theassault not to rob the credit union but to provoke police intokilling him. Three psychologists who examined Kroger said the teensuffered from depression. Kroger stormed the credit union around 3pm wearing a bandana mask and armed with a rifle, but never askedfor money during a three-hour negotiation with police, after whichhe let go of all the captives. The stand-off ended when Kroger ranout of the credit union around 6 pm and police launched aflash-and-bang device next to him, knocking him to theground.
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Noninterest income at the Minneapolis-based company jumped more than 10% while asset quality improved and expenses held steady.
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The bank technology company has released Smart Basket, which uses emerging artificial intelligence to improve transaction routing, a strategy that's quickly becoming table stakes for fintechs and financial institutions that offer payments.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
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