CORTEZ, Colo. - (07/17/06) A mom-and-daughter team whorobbed Southwest Colorado FCU last year were rustled off to jail onFriday. Donja Vaughn and her 62-year-old mother, Sharon Vaughn,were sentenced to three years and 12 years in prison for stealinghorses in Kansas and Utah while they were in the horse-breedingbusiness. This case indicates that Colorado still takeshorse thieves very seriously, said state Attorney GeneralJohn Suthers after the sentencing. The mother-and-daughter banditsare scheduled to be sentenced later this summer for the May 2005robbery of $105,000 from the credit union. Mother and daughter werearrested after police searched their apartment and discovered morethan $40,000 in credit union loot hidden there. They first becamesuspects when Sharon Vaughn tried to pay her back rent with $20,000in $20 bills stolen from the credit union. The two women triedunsuccessfully to commit suicide after they learned police were onto them.
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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.
March 28 -
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.
March 28 -
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.
March 28 -
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.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28