PROVIDENCE, R.I. - (01/11/06) A young local man was sentencedto four years in federal prison Tuesday after he and his getawaycar driver were caught red-handed after a hold-up at Coastway CUlast February. Michael Capaldi, 21, of Cranston, and JohnChiellini, 22, of Central Falls, were arrested at a nearby Days Innwhere police discovered red dye splashed inside their getaway carand red stains on the hands and shirt of one of them. The suspectswere apparently stained by an exploding dye pack put into the cashbag by an alert teller. The two men, who also robbed Bank RI inEast Providence, took turns in the robberies. One would give theteller a threatening note, while the other would wait outside in aJeep Cherokee used for the getaway. At the next robberytheyd switch. Chiellini drove the getaway car during theBank RI robbery when $2,759 was stolen, and Capaldi drove atCoastway CU, when they got $1,930. Chielini is serving a five-yearsentence for his role in the robberies.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
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The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
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