MONTEREY, Calif. - ()3/14/06) -- During his remarks to attendees ofthe Big Valley Educational Conference here, Bill Cheney said takingover as president and CEO of the California and Nevada CU Leaguesfrom credit union movement legend David Chatfield is as difficultas taking over from a Hall of Fame basketball coach. "It is a greathonor, but also a tremendous challenge. It is sort of likefollowing John Wooden at UCLA after all his successes andchampionships. I don't know who followed John Wooden, which tellsyou something. Perhaps some of you in California know who coachedafter Wooden, but coming from Texas, I don't. I know who JohnWooden was, and I know who Dave Chatfield was. Someday, I hopepeople remember me."
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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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