NEW ORLEANS - (02/04/05) -- In a scenario that has become all tocommonplace, police last night were hunting three men who kidnappeda credit union manager from her home before work Thursday morning,then used her to help rob the credit union while they held herfamily hostage. The men forced their way into the manager's homearound 7 am by impersonating police officers, then one of them heldfour family members at gunpoint, while his two accomplices made the21-year-old victim drive to GTE FCU and forced her to open thesafe, according to police. After emptying the safe they drove thevictim back to her home before making their getaway in her car. Noone was hurt in the kidnap-robbery. It is at least the fourthkidnap-robbery of a credit union in the past 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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