RACINE, Wis. - (05/31/06) Defense attorneys for WendellMcPherson, charged in the brutal slaying of a mother and daughterafter his credit union robbery plans went awry, rested Tuesday andclosing arguments in the case are expected on Wednesday.McPhersons state-appointed lawyers argued that there were noreliable witnesses to identify the defendant. Prosecutors saidMcPherson and accomplice were spotted on Oct. 11, 2004 preparing torob Horizon CU and McPherson ran off to hide in a nearby home wherethe bodies of Nancy Mason and her teenage daughter, Meghan, werelater found. McPhersons alleged accomplice drove and waslater captured. He pleaded guilty to attempted robberycharges.
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House Financial Services Committee Chair French Hill, R-Ark., said he wants to consider a range of ideas on how to improve deposit insurance and other issues facing community banks beyond a Senate bill raising insurance for business accounts.
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The $22.7 billion-asset company may be interested in buying certain banks that HoldCo Asset Management presses to sell in the future, Chairman and CEO John Allison said. Home is planning to announce its next acquisition in December.
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The U.K.-based banking giant will add a fintech that enables it to compete with Apple Pay, while Global Payments has added Uber Eats as part of its Genius-branded point of sale rollout. Plus: Visa has advanced account-to-account payments in the U.K. and more in the global payments and fintech roundup.
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The 170-year-old Salem Five Cent Savings Bank has hired one private banker and could scale the business further if its performance matches management's expectations.
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The parent of Crosscountry Mortgage plans to use proceeds to pay down its mortgage-servicing rights line of credit as well as for general corporate expenses.
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Kunal Mehta, also known by the alias "Shrek," used shell companies and bulk cash drops to clean millions for a cybercrime ring that stole $263 million.
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