MIDLAND, Mich. - (01/16/06) Dow Chemical Employees CU saidit paid members a total payout of $4.6 million for 2005, comprisedof interest rebates, saver and check card incentives. The $950million credit union, one of the few still paying interest rebates,returned more than $3 million in interest rebates of 15% for 2005,up from the 12.5% rebates paid for 2004. Members in good standingalso received a 10% member saver reward, whichtotaled $1.5 million for 2005. And Visa check card holders sharedan additional $86,000 based on their transactions amounts. DowChemical Employees had paid an interest rebate for 49 of the past50 years.
-
Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
4h ago -
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.
5h ago -
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.
5h ago -
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.
6h ago -
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.
6h ago -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
7h ago