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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The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
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The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.
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The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
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The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
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Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
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Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
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