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 In themeantime, McMorris has gone through six court-appointed lawyers,either because they have withdrawn from the case or he has firedthem.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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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12