WAUKESHA, Wis. - (01/12/05) -- A state judge last week scheduled aretrial in the 1994 conviction of notorious cop-killer Ted Oswald,after Oswald and his father pulled off a series of armed robberies,including two at local credit unions. Oswald, now 28, was 19 whenhe and his father, James Oswald, now 59, were convicted of a crimespree that included robberies at Medical Systems CU, in Waukesha,and Landmark CU, in Brookfield, in December 1993, then Bank One,after which Waukesha Police Capt. James Lutz was fatally shot. Butthe younger Oswald, who claimed he was forced into a life of crimeby his abusive father, had his conviction overturned because ofjuror bias and a new trial was ordered. Oswald's new trial has beententatively scheduled for May.
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27