City known for blue released ‘Burberry Bandit’ following five reported bank heists
Burberry Bandit Back on the Streets A man known as the “Burberry Bandit” in New York City has been released from prison after a series of bank robberies. Cornell Neely, 35, gained his nickname back in 2012, thanks to surveillance footage that showed him dressed in a plaid shirt resembling a luxury designer brand. Recently, […]
The CEO Aiming to Position Her Bank as the U.S. Connection to Central Asia
Washington, DC Umut Abakirova, after graduating from the University of Central Asia, began her career in finance as a loan officer. Fast forward twenty years, and she’s now a key figure in the financial landscape of Central Asia, serving as the CEO of Bakai Bank, which stands as one of the largest private lenders in […]
Court in Dhaka orders $81 million seizure from Philippine bank in BB reserve heist
Dhaka Court Orders Forfeiture of $81 Million from RCBC The Dhaka Court has mandated that $81 million be forfeited from the Rizal Commercial Bank Corporation (RCBC) in connection with a 2016 incident, as reported by the Criminal Investigation Division (CID) of Bangladesh Police. At a press conference on September 21, CID Chief MD Sibgat Ullah […]
Some are creating joint bank accounts to deepen their friendships.
Creative Ways to Maintain Strong Friendships One interesting suggestion for keeping friendships strong is the idea of setting up a joint bank account. This concept came to Madison Machen during a conversation with her seatmate on a flight to New York last year. The woman mentioned that her trip was funded through a joint account […]
Distressed assets in the banking sector increase to Tk11 lakh crore: City Bank MD
At the beginning of December last year, the country’s distressed assets of the banking sector stood at TK7.56 lakh. Highlights Of the TK18 lakh crore in outstanding loans, TK11 lakh crore is now seen as distressed assets Only 7-9 banks meet international standards; nearly 40 fall below par Due to governance failures, some banks could […]
Governor of the Bank of Guyana offers guidance to Azruddin Mohamed about closed bank accounts.
Guyana Bank Governor Urges Lawsuit Withdrawal Dr. Govind Ganga, the Governor of Guyana Bank, has advised businessman Azuldin Mohamed to withdraw legal actions against various commercial banks. This recommendation follows the closure of bank accounts belonging to several members of his political party. The governor suggested that Mr. Mohamed reconsider his lawsuit against these banks, […]
Burberry Bandit hits again, but a left-leaning NYC judge releases the repeat bank robber.
The so-called “Burberry Bandit” is back in the news after being arrested following a string of bank robberies over a decade. This week, five bank robbers were apprehended, but a notorious New York City judge ended up presiding over the case, even though it might not have been appropriate for him to do so. Cornell […]
Allen Mendenhall: Commendable change in direction at Regions Bank
Corporate Engagement and Accountability: A Case Study There’s something to be said about observing corporate America, particularly when it showcases an ability to listen and respond to valid concerns. This holds true for regional banks that have recently undertaken significant reorganizations to better align with their core customers. In July, it became evident that certain […]
Bank of America leader Brian Moynihan is starting to embrace caution in risk-taking — here’s the reason.
Bank of America’s Leadership Moves Indicate a Shift in Strategy Bank of America’s higher-ups might finally be adjusting their approach to risk. CEO Brian Moynihan, who has led the bank since the 2008 financial crisis, has made waves by promoting Jim DeMare to co-chairman of the bank. The response to DeMare’s promotion was intriguing, as […]
Bank of Canada: Establish a regulatory framework for stablecoins or face consequences
Canada’s Central Bank Advocates for Regulatory Framework on Payment Systems The Bank of Canada is urging the nation to create a robust regulatory framework aimed at modernizing its payment system. This move is seen as essential to keep pace with other countries that are already implementing such measures. “Even if you’re on the right track, […]