SEATTLE - (07/11/05) -- An Auburn man known as the'Pillowcase Robber,' for the vehicle in which he carried out stolenloot, was sentenced Friday to 184 years in prison for a robberyspree police believe may have included as many as 20 credit unions,banks and check cashers. U.S. District Judge Thomas Zilly imposedthe stiff sentence on 41-year-old bank robber Ivy Gaines because oflegislatively mandated minimum terms for defendants who usefirearms during robberies, and because higher courts have upheldheavy sentences in comparable cases. Gaines was convicted on 10counts of bank robbery, including the August 4, 2003 heist atWashington Employees CU and the August 7, 2003 hold-up at AlaskaUSA FCU. Authorities dubbed him the Pillowcase Robber because heoften handed tellers a pillowcase and ordered them to fill it withcash. Gaines was arrested after a hold-up at KeyBank when policefound a pillowcase with $15,000 stuffed in it in hiscar.
-
JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
8h ago -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
8h ago -
The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
9h ago -
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
10h ago -
Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
10h ago -
The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
11h ago










