ALEXANDRIA, Va. - (09/12/05) -- Deborah Matz told the White HouseMonday she is resigning her seat on the NCUA Board as of September30, leaving the three-person panel with just one active member.Matz, whose term on the Board expired last month, said she hopesPresident Bush will nominate a successor and the successor will beseated on the Board by October's monthly Board meeting. Herresignation will leave Chairman JoAnn Johnson as the only sittingmember on the Board. In most cases, NCUA Board members agree tocontinue serving as holdovers until a successor is seated on thepanel. Rodney Hood, an executive with the U.S. AgriculturalDepartment, has been nominated to fill one of the two vacanies onthe Board. GiGi Hyland, general cousel at Empire Corporate FCU anda long-time credit union operative, is expected to be nominatedsoon for the other vacancy.
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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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