RACINE, Wis. - (09/21/05) -- A court-savvy suspect who has beenthrough seven lawyers began his third trial Monday in the December2000 armed robbery at Belle City CU. The first trial for49-year-old Ricky McMorris ended in a mistrial after his brotherinvoked his Fifth Amendment right not to incriminate himself duringtestimony. A second trial ended in a hung jury on the armed robberycharge and McMorris was convicted of a weapons charge. In themeantime, McMorris has gone through six court-appointed lawyers,either because they have withdrawn from the case or he has firedthem. During Monday's opening arguments, McMorris' latest lawyertold the jury it was McMorris' brother, Charles McMorris, whorobbed the credit union, and not his client.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3