ORLANDO, Fla. - (10/06/05) -- The Credit Union Journal hasreschduled its 2005 CEO Summit to coincide with BAI's RetailDelivery Show in November in Orlando, and is now extending aninvitation to CEOs who plan to attend the show to join in severalhours of vigorous discussion on credit union issues, to be followedby a complementary luncheon. Originally scheduled for Dallas inOctober, the CEO Summit filled up almost immediately after beingannounced. But since that time, several of the CEOs indicated theirtravel plans have become "tentative" as they deal with theramifications of Hurricane Rita and with assisting credit unionsdamaged by Hurricane Katrina. The Summit is designed to provideCredit Union Journal editors with feedback and direction on issuesCEOs wish to read more about, in addition to providing a forum fordiscussion among those same CEOs. The event is now scheduled forthe morning of Tuesday, Nov. 15, and will conclude with lunch,providing time for attendees to then get to the opening of the BAIconference.
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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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