WINCHESTER, Ind. - (05/05/05) -- A suspect who allegedly tried toopen a credit union account with stolen checks was rushed to thehospital by helicopter Monday after he tried to allude policeduring a high-speed chase. The suspect, identified as StevenHuffman, 38, of Montpelier, crashed head-on into a tree, sufferingserious injuries, during a police chase that reached 90 miles andhour. The chase began after police received information thatHuffman had tried to use stolen checks to open fraudulent accountsat AHE Plant No 3 FCU. Police said they later discovered thatHuffman was wanted on felony warrants out of Indiana, Ohio andMichigan.
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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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