STAMFORD, Ct. - (05/10/06) -- A Bronx, N.Y., man who threatenedtellers with a semi-automatic handgun and a Roman candle, wassentenced to 17 years in prison for three different armedrobberies, including the October, 19, 2004 hold-up at Members CU.Derrick Spencer, 37, was captured after high-speed chase onInterstate 95 following the credit union incident. Spencer walkedinto the credit union around 2 pm carrying a semi-automatic pistoland wearing a ski mask, leaped over the teller counter andconfronted the teller, who was working alone at the time, andescaped with $16,000 in cash. Spencer, an illegal immigrant fromEngland, confessed to two other robberies at Webster Bank branches,one in which he ignited a Roman candle, which burned a 70-year-oldcustomer.
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In its latest financial stability report, the Federal Reserve found that asset valuations continue to be elevated and leverage levels remain high, especially among nonbanks like hedge funds and insurance firms.
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Federal Reserve Board Gov. Stephen Miran said the growth of stablecoins and cryptocurrencies will likely impact monetary policy and could lead to lower interest rates.
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The Spanish bank says it can connect small and medium-size U.S. businesses with local market experts on its newly launched digital platform Navigator Global.
November 7 -
The Pittsburgh-based bank said Friday that it will focus on building 300 branches in high-growth markets by 2030. It also minimized the prospects for another acquisition on the heels of its recent deal for Colorado-based FirstBank.
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Consumers' and merchants' penchant for 0% loans are boosting the buy now/pay later lender in its first fiscal quarter ended Sept. 30, as gross merchandise volume hit a record.
November 7 -
HoldCo Asset Management drops its pursuit of proxy battles with Columbia Banking System and First Interstate; Cape Cod's Mutual Bancorp prepares to acquire Bluestone Bank; Servbank HoldCo announces plans to acquire IF Bancorp; and more in this week's banking news roundup.
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