BOSTON - (02/02/05) -- A teller at Metropolitan CU inPeabody was indicted on charges of structuring cash transactions tohelp her launder proceeds from drug transactions. Eleanor Gould,47, of Peabody, who has worked at the credit union for 15 years,was charged with structuring currency transactions to under the$10,000 federal reporting requirement, and aiding and abetting.Gould allegedly made a $9,500 deposit in a joint account she hadwith her son at the credit union, then a separate $8,500 deposit atnearby Eastern Bank, then transferred the bank funds into hershared credit union account. Her son, Richard Gould, 26, has beenindicted on separate narcotics charges.
-
A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
4h ago -
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
6h ago -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
6h ago -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
7h ago -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
8h ago -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
8h ago





