RACINE, Wis. - (05/24/06) -- Jury select began this week in thetrial of Wendell McPherson, a Milwaukee man accused in the October2004 slaying of a woman and her daughter after he fled a failedrobbery attempt Horizon CU. McPherson allegedly ran to hide in thehome of Nancy Mason and her teenage daughter Meghan after policespotted him and an alleged accomplice casing the credit union in acar outside. Police later recovered masks and a gun inside the car,but Martin jumped out of the vehicle and ran away as he wasapproached by a passing police cruiser. Several hours later, theMasons were found dead inside their home. They had been boundtogether and to a bed, gagged and blindfolded and shot to death.McPherson's alleged accomplice, Jamal Martin, pleaded guilty toconspiracy to commit armed robbery and was sentenced to 30 monthsin prison.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
February 9 -
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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