RACINE, Wis. - (06/01/06) A state jury took just twohours Wednesday to return a guilty verdict in the October 2004double murder of a mother and her teenage daughter by a man who hadfled a botched robbery at a local credit union. Wendell McPhersonwas convicted of all six charges against him, including thedouble-slaying of Nancy Mason, 40, and her 19-year-old daughter,Meghan Mason. McPherson ran into the Masons home after heand an accomplice were spotted in a car outside Horizon CUpreparing to rob the credit union when a police patrol spotted thewould-be robbers. The accomplice ran off, only to be caught a shortwhile later. But McPherson took off in the getaway car and crashedit several blocks away, less than 300 feet from the Masonshome. Several hours later the Masons oldest son came homefrom school and found his mother's and sister's bodies. Both hadbeen shot in the head. He called police from a neighborshome because they did not have a telephone. Police traced McPhersonfrom the car and captured him in a house a few blocks away from hishome. There they discovered items that tested positive for DNA fromMcPherson and the Masons, including wads of duct tape, and the gunused to kill Nancy and Meghan Mason. McPhersons 19-year-oldaccomplice, Jamal Martin, pleaded guilty to conspiracy to commitarmed robbery and was sentenced to 30 months in prison.
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










