FARMERS BRANCH, Texas - (11/23/05) Texas Credit Union League CEO DickEnsweiler will be doing a little fundraising via somefreefallinghe is seeking to raise money for the TCUL PACwith his first-ever skydive. Because Ensweiler has opted for theaccelerated freefall plan which calls for his firstjump to be entirely soloeschewing a tandem jump where hewould be strapped to an instructor as being for the weak atheartEnsweiler will first undergo a six-hour class tolearn proper technique and safety. Contributors will be allowed towitness the 13,000-foot jump from the ground. The jump is slatedfor Dec. 18. Suggested contribution levels include: the $1,000Golden Parachute Level, the $750 Air Dancer Level, the $500 FreeFall Level, the $250 Belly Flop Level and the $100 Nose DiveLevel.
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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