CORTEZ, Colo. – A mom-and-daughter team who robbed Southwest Colorado FCU last year were rustled off to jail on Friday. Donja Vaughn and her 62-year-old mother, Sharon Vaughn, were sentenced to three years and 12 years in prison for stealing horses in Kansas and Utah while they were in the horse-breeding business. “This case indicates that Colorado still takes horse thieves very seriously,” said state Attorney General John Suthers after the sentencing. The mother-and-daughter bandits are scheduled to be sentenced later this summer for the May 2005 robbery of $105,000 from the credit union. Mother and daughter were arrested after police searched their apartment and discovered more than $40,000 in credit union loot hidden there. They first became suspects when Sharon Vaughn tried to pay her back rent with $20,000 in $20 bills stolen from the credit union. The two women tried unsuccessfully to commit suicide after they learned police were on to them.
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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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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
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.
April 25