TAMPA, Fla. - (01/11/05) -- Insisting he was a 'good soldier,'an Army veteran who served in the Iraq war refused to name thegunmen who helped him rob Mid-Florida FCU last March. So the judgesentenced Army Sgt. James Lee Stover, 34, to 11 years in prison,which could have been reduced if Stover cooperated in theinvestigation. During the March 29 robbery, Stover and at leastthree other masked gunmen pulled a manager into the vault by herhair, pushed a member to the floor and threw a visibly pregnantteller to the floor. At the time of the robbery, Stover was on a30-day leave from active duty during the robbery, and had served ayear in Iraq
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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