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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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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