RACINE, Wis. - (09/26/05) A state jury was unable todeliver a unanimous verdict Friday in the third trial of RickyMcMorris for the 2000 armed hold-up at Belle City CU, embroilingprosecutors in a heated debate over whether to pursue a fourthtrial in the case. Defense attorneys for the 49-year-old suspectclaimed that McMorris brother, Charles McMorris is alikelier candidate for the crime because he was convicted of armedrobbery in 1994. He noted that the two brothers look alike. Theargument apparently confused the jury, which failed to come to aunanimous conclusion on the charges. The first trial for RickyMcMorris ended in a mistrial after his brother invoked his FifthAmendment right not to incriminate himself during testimony. Asecond trial ended in a hung jury on the armed robbery charge andMcMorris was convicted of a weapons charge. In the meantime,McMorris has gone through six court-appointed lawyers, eitherbecause they have withdrawn from the case or he has firedthem.
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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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Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
9h ago -
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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Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
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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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While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





