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 In themeantime, McMorris has gone through six court-appointed lawyers,either because they have withdrawn from the case or he has firedthem.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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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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