LAS VEGAS - (03/31/06) A former Loomis armored truckdriver who drove away from a Las Vegas casino with $3 million ofbank and credit union cashthen spent a decade on the run inEuropewas sentenced Thursday to five years in three monthsin federal prison. Heather Tallchief, now 34, told a federal judgeshe accepted responsibility and wanted to make amends for the 1993heist from in front of the Circus Circus casino of cash headed forBank of America and Nevada FCU. Tallchief promised to reimburse thearmored cash carrier and its insurer with any proceeds from aHollywood deal she is negotiating. Tallchief returned from hidingin the Netherlands last September and gave herself up, claiming noknowledge of the whereabouts of her partner, convicted killerRoberto Solis, or the $3 million. She said she wanted to return tothe U.S. to raise hers and Soliss 11-year-old son.Tallchief said she was seduced by Solis into getting the job withthe armored carrier, then pulling off the heist. With good behaviorand time already served since she turned herself in Tallchief couldbe out of prison by the end of 2009.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
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Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
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Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
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Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
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Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
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While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





