WAUKESHA, Wis. - (05/17/05) -- An abbreviated retrial ofcop-killing credit union robber Ted Oswald ended Monday with thejury beginning deliberations on whether Oswald was criminallyinsane when he and his father set out on a 14-month crime spree adecade ago. Oswald's lawyer contended the now 29-year-old convictwas forced into violent criminal behavior by the abusive behaviorof his father; while prosecutors arguing Oswald knew what he wasdoing and participated willingly. Oswald and his father JamesOswald, now 60, were convicted in 1995 of a 1993-94 crime spreethat included a kidnapping, car thefts, armed robberies at MedicalSystems CU, in Waukesha, and Landmark CU, in Brookfield, beforethey robbed a Bank One and shot to death Waukesha Police Capt.James Lutz while they tried to escape. The Oswald's were convictedin 1995 but Ted Oswald was ordered retired in 2003 when an appealscourt found his first trial was tainted by juror bias. He pleadedno contest to 17 charges in the first phase of his retrial and thejury is now deliberating whether he was innocent by reason ofinsanity.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
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The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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