KANSAS CITY - (08/09/05) -- Jurors who convicted a man in themurder of a federal witness to a credit union robbery couldn'tagree on a sentence last week, so the judge sent him to prisonwithout parole. Prosecutors had requested the death penalty forXavier Lightfoot, who lived with the witness, who was cooperatingwith investigators in the 1997 armed robbery at Educators FCU inOmaha and two jewelry stores. Lightfoot and an accomplice,Cornelius Peoples, were convicted in the 1998 murder of John W.Hogsett, who lived life as a woman named Jovan Ross. It was thesecond trial in the case for Lightfoot, who was convicted in 1999but his verdict overturned on appeal. Three other accomplices havebeen convicted in the case, including Carl Haskell, who wassentenced to life in prison for killing Hogsett.
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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.
September 12 -
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.
September 12 -
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.
September 12 -
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.
September 12 -
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 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12