ATLANTA - (11/19/04) -- In an unusual ruling, a federalappeals court has overturned a lower court ruling and ordered aconviction of a Florida woman was charged with helping her daughtertry to pass a phony $6 million check on Monsanto Employees CU in2002. The three-judge panel of the U.S. Court of Appeals for the11th Circuit ordered the lower court to reinstate the jury's guiltyverdict for Brenda Williams and sentence her for bank fraud in thecase. The U.S. District Court for Pensacola, Fla., had directed averdict of acquittal for Williams after the jury found her guiltybecause the judge ruled the government failed to prove Williamsknew her daughter, Tammy Williams Neely, was lying about havingsold a vintage baseball for $8 million to cover the check. Neelytried to write the $6 million check on her mother's account at thecredit union, but the check was returned.
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Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
April 23