RALEIGH, N.C. - (04/14/06) Coastal FCU is promoting itselectronic statement service in conjunction with this yearsEarth Day as a way to cut down on paper use and be moreenvironmentally friendly. The credit union is encouraging its154,000 members to simultaneously help preserve precious naturalresources, fight identity theft and save money by opting to receivetheir account statements electronically. Every year, Coastal issuesmore than one million paper statements, each consuming severalpages. By making the switch to e-Statements, members can help savean estimated 42 tons of paper, or 1200 trees annually,theyve estimated. Almost 23,000 members already usee-Statements on a monthly basis. Current members can make theswitch online by visiting Coastals website, and new memberscan sign up for the service when they join the creditunion.
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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.
March 28