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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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
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Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
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Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
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