SEATTLE - (03/25/05) -- A Kent man believed to be the'Pillowcase Robber,' was found guilty this week of robbing 10 areacredit unions and banks and check cashers. Ivy Bird Gaines, 40, wasbelieved responsible for as many as 20 area robberies since June2002, including the August 4, 2003 heist at Washington Employees CUand the August 7, 2003 hold-up at Alaska USA FCU. Authoritiesdubbed him the Pillowcase Robber because he often handed tellers apillowcase and ordered them to fill it with cash. Gaines wasarrested after a hold-up at KeyBank when police found a pillowcasewith $15,000 stuffed in it in his car. At his trial, Gaines claimedhe lent his car to a man named 'Fat Joe,' who he claimed committedthe robberies.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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