Makes no sense there must be more to the story.
He’s 68 and is approaching retirement. His insurance rates are going to rise, too. They’ll fire this guy and hire a 20 something bonehead for half his wages and benefits.
No more to the story. New regulations require finger prints and back ground checks for everyone. This was not required before; at least the finger prints. There was some background check done, but not this extensive.
It started about 2 years ago; some well qualified long term employees have been cut loose.
Any conviction, no matter how old or small, will require the bank to immediately fire someone. No wiggle room.
It’s insanity brought on by Barney Frank and Chris Dodd.