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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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
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The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
June 26 -
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
June 26 -
Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
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The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
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