SPOKANE, Wash. – The FBI raided three separate homes yesterday morning and arrested three brothers and charged them with the November 20 armed hold-up at Safeway FCU. The brothers, identified as Brad and Dustin Rockstrom, both 24, and their Gregory Rockstrom, 21, were captured at two of the homes. The brothers were armed with handguns and yelled at everybody in the credit union to get down on the ground while they rifled through the cash drawers and made their escape. The three were tracked to Brad Rockstrom's home because a witness saw the getaway vehicle, which belongs to their sister. Authorities said it was unusual to arrest more than one family members–let alone three-for the same robbery.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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