With its Partnership Conference and Annual Meeting being held just hours before the World Champion Boston Red Sox hold a flag-raising ceremony and home opener, Eastern Corporate FCU is taking advantage by beginning the meeting with a baseball-themed event. Leading off was a panel discussion, "Inside Baseball: Meet the Regulators," moderated by Mary Ann Clancy, senior VP/general counsel for the Massachusetts Credit Union League. Joining her were NAFCU's Bill Donovan, NCUA's Mark Treichel, Massachusetts Commissioner of Banks Steven Antonakes, and New Hampshire league counsel Russ Hilliard. A raffle will be held to select two lucky credit union officials, who will be whisked via limousine to Fenway Park for the Red Sox game against the New York Yankees. The day wraps up with "Extra Innings," giving attendees a choice of three workshops on topical credit union issues.
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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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