Financial organizations receive threats

More than 50 letters that contained threats and an unidentified white powder have been mailed to U.S. financial institutions and government offices.
OCT 24, 2008
By  Bloomberg
More than 50 letters that contained threats and an unidentified white powder have been mailed to U.S. financial institutions and government offices in at least 11 states since Monday, according to an FBI press release Thursday. Chase Bank, the banking division of JPMorgan Chase & Co. of New York, the Federal Deposit Insurance Corp. and the U.S. Office of Thrift Supervision were among those that received the letters. Chase offices in Phoenix were evacuated Wednesday as a precaution, closing for around two hours. So far, all the letters have been sent from Amarillo, Texas. “It’s payback time,” according to one letter that appears on the FBI’s website. "Steal tens of thousands of people's money and not expect repercussions. What you just breathed in will kill you within 10 days. Thank [redacted] and the FDIC for your demise.” Field test results suggest that the powdery substance is harmless, the FBI said. Further tests, however, will be conducted, the agency added.

Latest News

Health savings account contributions, investments can be boosted by one key thing
Health savings account contributions, investments can be boosted by one key thing

New research also reveals that one third of HSA holders withdrew more than they put in.

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave