TAMPA, Fla. - (09/30/04) -- An Army veteran who served in theIraq war pleaded guilty Wednesday to last March's armed robbery atMid-Florida FCU, but refused to name his accomplices, who stillremain at large. Army Sgt. James Lee Stover, Jr., 34, told a judgehe would rather serve a long prison sentence than name hisaccomplices, believed to be at least three other men. As a result,Stover, a divorced father of four young children, is expected to besentenced to up to 32 years in federal prison. Stover was on a30-day leave from active duty during the robbery, and had served ayear in Iraq
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Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
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The conditional approval came with residency waivers for board directors and green-lights the bank's business model, which is aimed at serving tech companies and ultra-high net worth customers in the digital asset space.
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Federal Reserve Gov. Christopher Waller said Wednesday that breakthroughs in artificial intelligence will undoubtedly make life easier and lead to growth, but acknowledged that the technology's adoption will lead to short-term labor market disruptions.
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Federal Reserve Governor Stephan Miran said the economic standoff with China could increase market volatility, further necessitating the central bank to move its policy stance to neutral.
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"We actually see a little bit more strength in the nonprime [consumer]," CFO Brian Wenzel told American Banker.
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