WASHINGTON - (10/25/04) -- A $5,000 contribution to Coloradosenate candidate Ken Salazar; $1,000 for Rep. Mark Foley ofFlorida; $500 for Rep. Mike Doyle of Pennsylvania. CUNA's politicalaction committee has been feverishly doling out campaigncontributions to candidates from Maine to California over the pasttwo weeks--$140,000 to 90 different candidates, all distinguishableby their avowed support for credit unions. "I feel a little likeGeorge Steinbrenner in that Visa commercial," said CUNA politicaldirector Richard Gose, referring to the television ad showing theNew York Yankees owner with an injured hand from writing too manychecks. "We've been spreading it out quite a bit, now that it'sdown to the wire," Gose told The Credit Union Journal. Among thecandidates receiving the maximum allowable $5,000 contribution forthe general election in the past two weeks are: Reps. John Dingell,D-Mich., Carolyn Kilpatrick, D-Mich., Fred Upton, R-Mich., VernonEhlers, R-Mich., and newcomers Thelma Drake, R-Va., and JeffFortenberry, R-Neb. CUNA has made over $2.6 million in campaigncontributions during the current election cycle, including almost$300,000 to 140 candidates over the past six weeks.
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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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