Latest news with #WABC
Express Tribune
a day ago
- Entertainment
- Express Tribune
Bill Ritter steps down from WABC 5 p.m. ‘Eyewitness News' after historic run
Veteran anchor Bill Ritter has officially stepped down from his role as co-anchor of WABC-TV's 5 p.m. edition of Eyewitness News, with reporter and anchor Mike Marza set to take over the position starting June 3, 2025. Ritter made the announcement during the June 2 broadcast, citing a desire to spend more time with his family, including his newborn granddaughter. Though stepping down from the early evening slot, Ritter will continue his roles at the station — co-anchoring the 6 p.m. newscast alongside Liz Cho and hosting the Sunday morning public affairs program Up Close. This move marks the second major change in WABC's anchor lineup this year. In March, Ritter also stepped away from anchoring the 11 p.m. newscast, a spot now held by Mike Marza and Sade Baderinwa. Ritter is the longest-tenured co-anchor of the 5 p.m. broadcast in WABC history. He emphasized during the announcement that his connection to the station and its journalism is strong, calling it 'in [his] DNA.' Mike Marza, previously a weekend evening anchor and ABC News correspondent, expressed gratitude for the opportunity and acknowledged Ritter as a mentor. Colleagues have praised Ritter for his decades-long impact in the newsroom and his commitment to quality journalism. With Marza stepping into the 5 p.m. slot, WABC continues to evolve its Eyewitness News team while honoring the legacy of one of its most recognizable figures. The transition reflects a broader shift in local news as veteran anchors make way for a new generation of journalists while staying connected to the communities they've served for years.
Yahoo
5 days ago
- Business
- Yahoo
Wells Fargo's CEO Shows Confidence Over $1.95T Asset Cap Potential End
On Wednesday, at the Bernstein Conference, Wells Fargo & Company's WFC CEO Charlie Scharf expressed confidence in the bank's regulatory improvements, signalling that the bank is inching closer to the point of lifting the $1.95 trillion asset cap. In 2018, the Federal Reserve imposed the asset cap on Wells Fargo following the bank's fake accounts scandal, which surfaced in 2016. The asset cap was introduced as a penalty for governance failures, restricting the bank's ability to expand its balance sheet until it demonstrated sufficient improvements in risk management and compliance. During the Bernstein conference, Scharf highlighted Wells Fargo's continued efforts to strengthen its compliance framework. The bank has resolved six consent orders in 2024, bringing the total number of resolved regulatory actions since 2019 to 12. It has also allocated $2 billion annually to enhance risk controls and operational processes. The bank is working to address the final two remaining consent orders. As the bank nears resolution, it is actively preparing to expand its retail deposits business, positioning itself for a new phase of growth once restrictions are lifted. Due to the asset cap, the company is unable to grow to its potential. This is affecting its loan growth. Given that loans are among the largest assets a bank can hold, the lifting of the asset cap will mark a positive turning point for Wells Fargo. This move will allow the bank to offer loans without restrictions, supporting the top-line expansion and positioning the bank for long-term growth. Further, WFC's long-term strategy remains focused on expanding deposits and trading operations, reinforcing growth through continued compliance enhancements and operational improvements. Additionally, the bank is taking a strategy centered on balancing sustainable growth with robust returns, aiming to achieve a return on tangible common equity (ROTCE) of 15% in 2025. The bank's strategy includes organic expansion, with a focus on dividend increases and share buybacks to enhance capital efficiency. To further support its growth objectives, the bank is making significant investments in technology and artificial intelligence, aimed at streamlining operations, improving risk management, and driving future business development. Over the past year, shares of WFC have gained 24.1% compared with the industry's growth of 28.2%. Image Source: Zacks Investment Research Wells Fargo currently carries a Zacks Rank #3 (Hold). Some better-ranked bank stocks are Westamerica Bancorp WABC and Eastern Bankshares EBC, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for WABC's earnings has remained unchanged over the last seven days for 2025. Shares of WABC have gained 0.2% over the past six months. Earnings estimates for EBC have remained unchanged over the past seven days for 2025. In the past six months, EBC shares have gained 10.5%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report Westamerica Bancorporation (WABC) : Free Stock Analysis Report Eastern Bankshares, Inc. (EBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
5 days ago
- General
- Yahoo
A Man Found a Dead Body Floating in His Backyard Pool. Police Believe it May Be a Missing 23-Year-Old Fugitive
A body was found floating in the pool of a Long Island homeowner on Sunday, May 25 Based on "ancillary evidence," police believe the body belongs to 23-year-old fugitive Matthew Zoll, who disappeared from a nearby neighborhood in November Zoll was wanted by police after allegedly stabbing his father to death at his Rocky Point, New York home on November 9The body found in a Long Island homeowner's pool may belong to a fugitive from the law whom police have spent months searching for. Suffolk County Police Department Commissioner Kevin Catalina said in a press conference that police believed the body found floating in a pool in East Shoreham, New York over Memorial Day weekend belonged to 23-year-old Matthew Zoll, who was wanted after allegedly killing his father in November 2024, according to WNBC, WABC and CBS News. "We are currently waiting for a DNA analysis to confirm that, but, you know, based again on all of the ancillary evidence that we were able to uncover, we are investigating that strong possibility," Catalina said, per CBS. Police alleged in a November press conference that Matthew stabbed his father Joseph Zoll to death at his father's Rocky Point, New York home on November 9. He then attempted to flee the scene in a SUV, but he crashed it near the East Shoreham home where the body was found, per WABC. Want to keep up with the latest crime coverage? Sign up for for breaking crime news, ongoing trial coverage and details of intriguing unsolved cases. Both East Shoreham and Rocky Point are located near each other in Shoreham, and police searched the area to try to find Matthew for several weeks. They were unable to locate him at the time, per the outlet. "It was very strange ... We all thought he just left town. Got on a train or a bus," Sharon Healey, a neighbor of the homeowner who found the body, told WNBC. Police said they are continuing their investigation into the incident while waiting on autopsy results from the county medical examiner to confirm the identity of the victim found in the pool and his means of death, per the outlet. The Suffolk County Police Department did not immediately respond to PEOPLE's request for comment. The body was found floating in the pool of a veteran Suffolk County Police detective's home on Sunday, May 25, sources told WABC. The man had reportedly been opening his swimming pool for the season before Memorial Day when he made the discovery and called 911. "It was a Loop-Loc cover, but it appears that one of the portions of the Loop-Loc was undone, and somehow the body became secreted under that portion of the pool cover," Catalina said, per the outlet. The man said, per WNBC, that a portion of the pool cover had been opened, but he did not notice anything wrong prior to opening it. Catalina added, per WABC, that there was no foul play suspected in the backyard of the home. "I don't know why somebody would try to get under the cover. It's not a smart thing to do," the man's neighbor Paul Gawreluk told WNBC. "I really wouldn't be happy opening my pool to find that." Read the original article on People
Yahoo
5 days ago
- General
- Yahoo
A Man Found a Dead Body Floating in His Backyard Pool. Police Believe it May Be a Missing 23-Year-Old Fugitive
A body was found floating in the pool of a Long Island homeowner on Sunday, May 25 Based on "ancillary evidence," police believe the body belongs to 23-year-old fugitive Matthew Zoll, who disappeared from a nearby neighborhood in November Zoll was wanted by police after allegedly stabbing his father to death at his Rocky Point, New York home on November 9The body found in a Long Island homeowner's pool may belong to a fugitive from the law whom police have spent months searching for. Suffolk County Police Department Commissioner Kevin Catalina said in a press conference that police believed the body found floating in a pool in East Shoreham, New York over Memorial Day weekend belonged to 23-year-old Matthew Zoll, who was wanted after allegedly killing his father in November 2024, according to WNBC, WABC and CBS News. "We are currently waiting for a DNA analysis to confirm that, but, you know, based again on all of the ancillary evidence that we were able to uncover, we are investigating that strong possibility," Catalina said, per CBS. Police alleged in a November press conference that Matthew stabbed his father Joseph Zoll to death at his father's Rocky Point, New York home on November 9. He then attempted to flee the scene in a SUV, but he crashed it near the East Shoreham home where the body was found, per WABC. Want to keep up with the latest crime coverage? Sign up for for breaking crime news, ongoing trial coverage and details of intriguing unsolved cases. Both East Shoreham and Rocky Point are located near each other in Shoreham, and police searched the area to try to find Matthew for several weeks. They were unable to locate him at the time, per the outlet. "It was very strange ... We all thought he just left town. Got on a train or a bus," Sharon Healey, a neighbor of the homeowner who found the body, told WNBC. Police said they are continuing their investigation into the incident while waiting on autopsy results from the county medical examiner to confirm the identity of the victim found in the pool and his means of death, per the outlet. The Suffolk County Police Department did not immediately respond to PEOPLE's request for comment. The body was found floating in the pool of a veteran Suffolk County Police detective's home on Sunday, May 25, sources told WABC. The man had reportedly been opening his swimming pool for the season before Memorial Day when he made the discovery and called 911. "It was a Loop-Loc cover, but it appears that one of the portions of the Loop-Loc was undone, and somehow the body became secreted under that portion of the pool cover," Catalina said, per the outlet. The man said, per WNBC, that a portion of the pool cover had been opened, but he did not notice anything wrong prior to opening it. Catalina added, per WABC, that there was no foul play suspected in the backyard of the home. "I don't know why somebody would try to get under the cover. It's not a smart thing to do," the man's neighbor Paul Gawreluk told WNBC. "I really wouldn't be happy opening my pool to find that." Read the original article on People
Yahoo
23-05-2025
- Yahoo
Italian Tourist Allegedly Kidnapped and Tortured for Weeks by Crypto Trader in Swanky NYC Apartment: Police
An Italian tourist was held captive for more than two weeks in a Manhattan apartment The tourist escaped on Friday, May 23 Police arrested a crypto trader from KentuckyAn Italian tourist was allegedly held captive and tortured for more than two weeks inside a New York City apartment, but managed to escape — and now his captor has been arrested, according to multiple reports citing police. On Friday, May 23, the 28-year-old tourist fled the apartment on the corner of Prince Street and Mulberry Street in Manhattan and ran to a traffic agent for help, police sources told the Daily News. The victim told police he arrived in the U.S. from Italy on May 6 and went to the rented home of the alleged suspect, John Woeltz, 37, of Kentucky, in the Nolita section of Manhattan, sources told WNBC. The victim told detectives he and Woeltz, a crypto currency trader had previously done business together, WABC reports. Their relationship soured after a dispute and the victim went back to Italy, WABC reports. Woeltz allegedly convinced the victim to return to Manhattan, where he held him against his will, WABC reports. The victim told police that Woeltz allegedly took the victim's passport and tortured him, WNBC reports. After the victim escaped, Woeltz was taken into custody and questioned. It is unclear if he has been charged with a crime. Per WNBC, police allegedly found Polaroid pictures of the victim tied up and being tortured. Police allegedly recovered a gun and several torture devices, police sources told WNBC and WABC. Woeltz was reportedly renting residence where the torture took place for $30,000 to $40,000 a month per month, WNBC are looking for a second suspect, the Daily News reports. The NYPD did not respond to PEOPLE's request for comment. It is unclear whether Woeltz has retained an attorney who can speak on his behalf. Read the original article on People
