TALLAHASSEE, Fla. - (02/28/06) -- Florida Commerce CU rolled out a newpromotion last week that wraps all the way around the city's buses.Two of the city's buses have been wrapped entirely with advertisingtouting the $250 million credit union's new logo, slogan andadvertising campaign, making it the first local business to sign onto the moving billboard concept. The wrap-around adds featurecomments from credit union members accompanied by the new gold,black and blue logo underneath the slogan, 'Committed to You'. Thetwo initial bus wraps cost about $14,000 and will run about $4,000a month to keep them on the buses for the whole year.
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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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