WAUKESHA, Wis. - (04/27/05) -- A 29-year-old man convicted a decadeago with his father of a crime spree that included two credit unionheists and culminated in the murder or a local police officer wasdeclared mentally fit for his retrial next week, despite hislawyers' claims that he is delusional. State Judge Kathryn Fosteragreed with a court-appointed psychologist Monday that Ted Oswaldis able to take part in the court proceedings, although he mighthave some unusual beliefs about numerology and might suffer from'severe personality disorder.' But Foster noted that Oswald has nohistory of mental illness and has regularly sent her legal writingsfrom jail regarding his case. "I find nothing delusional about thewriting of Mr. Oswald," Judge Foster declared. "His writings areclear to the court." Oswald, then 19, was convicted along with hisfather James Oswald in 1995, of a crime spree that included 1993armed robberies at Medical Systems CU, in Waukesha, and LandmarkCU, in Brookfield, and ended with the shooting death of WaukeshaPolice Captain James Lutz after the father and son robbed a BankOne branch.
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The financial advisory firm initially sought an industrial loan charter back in 2020. It's the third company to receive the necessary approvals this year, joining General Motors and Ford.
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Though changes to bank capital rules previewed by Federal Reserve Vice Chair for Supervision Michelle Bowman in February are being viewed as welcome, experts say other more significant hurdles — not all of them regulatory — are keeping banks on the sidelines of mortgage servicing and lending.
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The proposed national trust charter company would be a wholly owned subsidiary of Morgan Stanley. The application was filed on Feb. 18.
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Fulton Financial received the necessary approvals to acquire Blue Foundry Bancorp; JPMorgan hired two Bank of America health care veterans while shuffling leadership; Mizuho Financial Group has plans to replace about 5,000 administrative jobs with artificial intelligence over the next 10 years; and more in this week's banking news roundup.
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Preferred Bank moved a $115 million block of loans to nonaccrual status after the borrower, which is battling fraud charges leveled by other banks, began missing payments.
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A final rule published by the Office of the Comptroller of the Currency Friday will formalize a 2021 interpretive guidance allowing national trust banks to perform non-fiduciary custody. The banking industry complained that the rule runs counter to the traditional scope of the charter.
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