MORGANTON, N.C. - (09/02/04) Anne Fischer, the embattledDemocratic candidate for the states 10th congressionaldistrict, said she wont pull out of the race despite demandsfrom party officials after State Employees CU foreclosed on herhouse and she lost her job. The 58-year-old Fischer said she isliving with her campaign treasurer for the time being and plans totake on Republican State Rep. Patrick McHenry, who was declared thewinner this week in last months run-off with creditunion-backed David Huffman, by just 85 votes. Federal electionrules allow a party to demand a candidate to withdraw from a racefor criminal or financial malfeasance, which is why DemocraticParty leaders have demanded Fischers withdrawal from therace.
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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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