Billionaire banking heir Matthew Mellon dies in rehab: report
Billionaire banking heir Matthew Mellon died at a rehabilitation center in Cancun, Mexico.
He was 54.
Mellon is a descendant of Judge Thomas Mellon, founder of the Mellon Bank — currently doing business under Bank of New York Mellon Corp. (NYSE: BK). He is also a direct descendant of Anthony Joseph Drexel, founder of a precursor to Drexel Burnham Lambert.
Per The Associated Press, the news of his death was confirmed by Mellon's cousin, Peter Stephaich. Details as to the what led to Mellon's…
Four ways hackers are stealing from Louisville businesses
Special Agent Rick Nord spoke at the Financial Executives International luncheon.
Regions’ longtime Nashville chief to retire this month
One of Nashville's best-known bankers is retiring.
Fifth Third freed up to do more branch expansion
Fifth Third Bancorp can now expand its branch network – something that was virtually impossible for the previous two and a half years because of regulatory actions.
This 40 Under Forty manages $100M in assets
Christopher Dulany has also flown to Paris, London, Copenhagen and Madrid and spent a day and a half in each, just for the miles.
Indigenous and environmental groups protest outside U.S. Bank’s shareholders meeting in ABQ
Chants of “you can't drink oil, keep it in the soil” blared over a loudspeaker Tuesday outside of Albuquerque Plaza, which were followed by loud cheers and honks of the horn from cars passing by.
About 50 protesters and activists were trying to get the attention of anyone who would listen, but primarily, the focus was to get the attention of those participating in U.S. Bank's annual shareholders meeting inside of Albuquerque Plaza. Indigenous and environmental justice groups organized a rally outside…
Chicago bookkeeper pleads guilty to $24 million tax fraud scheme
Serving as a tax-day cautionary tale, a bookkeeper at a Chicago-area staffing company pleaded guilty on Tuesday to defrauding the Internal Revenue Service of more than $24 million.
Northbrook, Illinois resident Barry Poticha, 73, admitted to falsifying corporate tax returns and W-2 forms to reduce the taxes owed by companies and their owners, according to the U.S. Attorney’s Office of the Northern District of Chicago.
The decade-long scheme is punishable by up to five years in prison.
Poticha’s…
Activists protest outside U.S. Bancorp’s shareholders meeting in New Mexico
Chants of “you can't drink oil, keep it in the soil” blared over a loudspeaker Tuesday outside of Albuquerque Plaza, which were followed by loud cheers and honks of the horn from cars passing by.
About 50 protesters and activists were trying to get the attention of anyone who would listen, but primarily, the focus was to get the attention of those participating in Minneapolis-based U.S. Bancorp's annual shareholders meeting in Albuquerque, N.M.
Indigenous and environmental justice groups organized…
Longtime ABQ business community leader killed in Southwest plane incident
This story has been updated to add comment from Mayor Tim Keller.
Jennifer Riordan, Wells Fargo vice president of community relations, died Tuesday when a Southwest Airlines jet's engine exploded midair.
Several media outlets, including KRQE and the Albuquerque Journal, confirmed Riordan was the passenger who died. She was transported to a hospital before her death.
The aircraft was en route from New York LaGuardia to Dallas Love Field, according to Southwest, when one of its engines exploded,…
Two Triad tax preparers plead guilty to preparing fraudulent tax returns
Two Winston-Salem tax preparers pleaded guilty April 13 to aiding in the preparation of a false tax return for an undercover Internal Revenue Service agent, according to a U.S. Department of Justice news release.
Kristyn Dion Daney and Rakeem Lenell Scales, who worked at Fast Tax of Winston-Salem Inc., admitted in March 2015 to helping to prepare a false tax return for an undercover IRS agent. They both said that during training sessions held by one of the Fast Tax co-owners at the beginning of…