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.
-
Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
1h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
5h ago -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
6h ago -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
6h ago -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
7h ago -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
7h ago