DAVENPORT, Iowa - (08/02/05) -- A man believed to have participatedin one of three bank robberies the same time President Bush andSenator John Kerry made campaign stops here a year ago, wasarrested after police identified him from a sweatshirt he wore in asubsequent credit union hold-up. DeCarlos Smith made the mistake ofwearing the same garb when he robbed Scott Community Schools CU twomonths after committing the campaign-stop hold-up, police said.Smith's hold-up was one of three that occurred while Bush and Kerrywere diverting police during downtown campaign stops. The stopswere the first time the two campaigns landed in the same town onthe same day, just a few blocks away from each other. The firstrobbery came at 10:45 am at Ralston and Community CU, about thetime the President stepped off his plane; a half-hour later anarmed man held-up First National Bank; and 20 minutes later Smithhit Southeast National Bank, according to police. Smith wasidentified from a surveillance video taken at the Scott CommunitySchools CU heist, during which he wore the same sweatshirt with'BBJC 19-77' displayed on the front.
-
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
9h ago -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
11h ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
April 25 -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25