WAUKESHA, Wis. - (04/25/05) -- The fate of a man convicted of a10-year-old crime spree that included two credit union heists andculminated in the murder of a police officer was sent to a federaljudge--the same judge that ordered the man retried because of jurorbias. Ted Oswald, now 29, has claimed he should not be retried forthe decade-old cop-slaying because to do so would violate hisconstitutional right against being tried twice for the samecrime--so-called double jeopardy. Oswald's double-jeopardy plea hasbeen sent to U.S. District Court Judge Lynn Adelman who threw outhis first conviction in 2003 after ruling the trial judge did notproperly investigate allegations of the jury's impartiality. JudgeAdelman's ruling was subsequently upheld by the Seventh CircuitCourt of Appeals. Oswald, then 19, was convicted along with hisfather James Oswald, of a crime spree that included the 1993 armedrobberies at Medical Systems CU, in Waukesha, and Landmark CU, inBrookfield, and ended with the shooting death of Waukesha PoliceCaptain James Lutz after the father and son robbed a Bank Onebranch.
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Execs say other banks are still more of a rival for deposits than the digital currency.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
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The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
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The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
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City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
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The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12