COLUMBUS, Ohio - (09/06/05) -- A man convicted in six kidnap-stylerobberies at credit unions, banks and check casher--including thebiggest credit union heist ever-- was sentenced Friday to 147 yearsand eight months in a federal prison. Gary Watkins, 41, wasconvicted in May, of staging a string of robberies with hisbrother, Eric Watkins, that included the kidnap-style robbery atWestern CU in July 2003, in which they stole $643,000, believed tobe the most ever robbed from a credit union. The gang was alsobelieved to be responsible for the May 2003 robbery of $145,000from Whitehall CU, and several other heists, with a total take ofmore than $1 million. Also convicted in the gang were: Frankie LeeJones, Gary Watkins' brother-in-law, and Jones' brotherDarryl.
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Regulators hope changes to the supplementary leverage ratio will improve Treasury market function, but whether that happens depends in large part on how banks react and adapt.
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While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
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The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
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GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
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As banks consider their strategies, other big names are also considering a role for digital assets.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
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