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Suspect in $4.3M Bank Theft Had Elaborate Getaway: DOJ

Extradited Alaska man drove, flew, cabbed it, and took a bus all the way to Mexico

(Newser) - Seven years after a bank in Alaska had more than $4 million lifted, the man suspected of stealing the money has been extradited back there—all the way from Mexico. A DOJ release reports that 33-year-old Gerardo "Gary" Adan Cazarez Valenzuela, who used to be the cash vault services... More »

4 Dead After Shooting at Cincinnati Bank

Shooter is among the dead, reportedly killed by a police officer

(Newser) - Police say four people are dead, including the gunman, in a downtown Cincinnati bank shooting. Police Chief Eliot Isaac said the shooter opened fire early Thursday morning at the loading dock of the Fifth Third Bank building, then entered the bank's lobby where he was confronted by police, per... More »

FBI Warns New 'ATM Cash-Out' Scheme May Be Imminent

An alert was sent to banks on Friday

(Newser) - "ATM cash-out." It's a phrase that has the ring of a game show but the reality of a nightmare, at least according to the FBI, which has issued a warning about the scheme. Per Krebs on Security , the FBI has been on the receiving end of "... More »

He Was So Rich He Rented a Whole Brothel. Except He Wasn't

Luke Moore lived high, got caught, then cleared his name

(Newser) - At one point in 2012, Luke "Milky" Moore paid $40,000 to rent himself a brothel for four days. Two years prior, he was penniless, unemployed, and bracing himself for foreclosure. What happened in the interim is the subject of an Esquire piece by David Kushner, who explores the... More »

Report: Bank Flagged Trump Lawyer's Payment to Stormy Daniels

Plus, lawyer complained he wasn't reimbursed: 'WSJ'

(Newser) - For the first time, insiders are linking President Trump to a $130,000 payment his personal attorney made to former porn star Stormy Daniels just before the 2016 election. Michael Cohen has claimed Trump wasn't involved in the payment wired from an account at First Republic Bank, which reportedly... More »

Navajo Nation Sues Wells Fargo

They accuse bank of using predatory tactics

(Newser) - The Navajo Nation announced Tuesday that it is suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal members. In a statement, Navajo Nation President Russell Begaye said the tribe's lawyer has been directed to seek restitution, damages, and civil penalties based... More »

Bank Teller Admits Stealing $185K From Homeless Man

Customer came in with trash bag filled with cash

(Newser) - Wells Fargo is in the news again, though this time it's a rogue entity, not upper management, that's catching all the heat. Ex-bank teller Phelon Davis has pleaded guilty to stealing more than $185,000 from a bank customer over a two-year period, starting in October 2014,... More »

Flooding Destroys All Wisconsin Bank's Cash

Bank's president says the Fed has to replace it

(Newser) - Flooding last week destroyed all the cash in the vault of a southeastern Wisconsin bank. Fox River State Bank president Keith Polleck won't disclose exactly how much money was ruined, but he says the Federal Reserve will have to replace every dollar, the AP reports. Polleck toells WISN-TV that... More »

Wells Fargo Grabs Back $75M From Ex-Execs

Former CEO John Stumpf to lose $28M more, Carrie Tolstedt $47.3M in stocks

(Newser) - New developments in the Wells Fargo sales scheme emerged Monday, with an investigative report from the bank's board noting that $75 million in compensation will be clawed back from two former executives, including ex-CEO John Stumpf , the New York Times reports. After a six-month probe into the scandal that... More »

You Shouldn't Ignore That Penny on the Ground

Ally Bank promotion is to 'demonstrate the importance of valuing every cent'

(Newser) - Stopping to pick up a stray penny off the ground may not seem worth the effort, yet one bank is trying to change that mindset by placing 100 fake pennies across the country worth $1,000 apiece. Ally Bank says it's hoping to encourage Americans to look for opportunities... More »

LA Sues Illegal 'Fee Machine' Wells Fargo

Employees used unlawful tactics to boost sales: lawsuit

(Newser) - The city of Los Angeles is suing Wells Fargo, claiming the California-based bank pushed employees to engage "in unfair, unlawful, and fraudulent conduct" to hit sales quotas. The suit notes bank employees opened unauthorized accounts for customers, failed to close them when asked, and applied phony fees that hurt... More »

JPMorgan Attack Hit 10 Financial Firms

Hackers likely working from Russia: report

(Newser) - The hacking of JPMorgan Chase—which was on par, size-wise, with the attack on Target —affected about nine other financial companies, too, the New York Times reports. Exactly which banks and brokerages those were isn't clear, nor is it certain if those breaches were as extensive as JPMorgan'... More »

After Historic Bank Heists, $500K Oddly Returned

'Trash Talking Bandits' aren't thought to be behind the return

(Newser) - A weird twist in what are being painted as two of the largest bank heists in Colorado history: Less than a week after two bank robbers dubbed the "Trash Talking Bandits" successfully made off with a $500,000 score from a Wells Fargo branch in Wheat Ridge, that same... More »

Cops Hunt Hedge Fund Boss in Banker's Murder

Plus: Possible banker murder-suicide investigated in Netherlands

(Newser) - The hunt is on for an "armed and dangerous" man in tiny Liechtenstein. Police say hedge fund manager Juergen Hermann is suspected of shooting and killing the CEO of Bank Frick in an underground parking lot, the Local reports. According to Swiss reports, the victim was Juergen Frick, 48,... More »

ATM Mistakenly Gives $37K to Homeless Man

Police returned it, though

(Newser) - A woman in South Portland, Maine, called police yesterday because a homeless man was spending a very long time at the ATM she wanted to use. Turns out, he was doing so for good reason. He kept asking the machine for money, and the machine kept spitting it out, reports... More »

Bank Takes Everything in Woman's House by Mistake

...And refuses to pay her back

(Newser) - Katie Barnett knows who broke into her house and stole almost everything she owns, but the police won't do a thing about it. That's because the thief is First National Bank, which "repossessed" her house in McArthur, Ohio, by mistake—they'd intended to get the one... More »

Snoozing Bank Worker Mistakenly Transfers $300M

The perils of napping with your finger on the '2' key...

(Newser) - The latest in the annals of office screw-ups: A weary German bank worker was in the process of transferring 62.40 euros when he fell asleep for a (very expensive) "instant," reports the AFP . In his unconscious state he pushed the number 2 key, leading him to instead... More »

Man Kills 4 After Bank, ATM Deny Him Cash

Israeli police say suspect killed himself as they raided bank

(Newser) - A pretty horrific story out of southern Israel today, where a man apparently became enraged after visiting the bank with the intention of taking care of a $1,640 debt—which failed to happen, reports Ynet : His request denied, he "came back with a pistol and shot dead four... More »

Woman Enters Wrong Account Number, Loses $42K

British hairdresser wanted to put money away

(Newser) - One click on a keyboard, and Sally Donaldson was sending her money to the wrong person. The British hairdresser says she planned to transfer her monthly pay of about $1,500 to her husband's account, but mis-typed one digit of his account number. The heartbreaker: They only noticed the... More »

HSBC to Pay $1.9B in Money-Laundering Probe

British banking giant was accused of helping cartels

(Newser) - A law enforcement official says HSBC will pay $1.9 billion to settle a money-laundering probe by federal and state authorities into Europe's biggest bank. According to the official, the bank will pay $1.25 billion in forfeiture and pay $655 million in civil penalties. The $1.25 billion... More »

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