SAGINAW, Mich. - (05/02/05) -- A 23-year-old local man wassentenced Thursday to up to 32 years in prison for robbing twolocal financial institutions, including Saginaw Medical FCU lastJune--after which he tried to escape on a bicycle with a flat tire.John Rowell pleaded guilty to both robberies--the other one was ofa Citizens Bank branch--as well as first-degree home invasion,possessing a firearm while committing a felony, and possessing afirearm as a convicted felon. He as also ordered to make $4,439 inrestitution to the credit union and $3,819 to the homeowner in thehome invasion incident. Rowell was already serving two to 10 yearsin prison for violating probation in a case in which he used aforklift to break into a safe.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
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