- SOUTHFIELD, Mich. (07/19/02) -- TheMichigan CU League, which has gotten fully behind 13-term Rep.David Bonior in his race for the Michigan governorship, has createdan e-promotion piece that can be sent to voters by credit unionstaff and volunteers. The league has already printed more than100,000 statement stuffers supporting Bonior, one of threecandidates running in the Democratic primary. League PresidentDavid Adams is doing a newspaper tour in support of the candidate,who was one of the first supports of HR 1151, the CU MembershipAccess Act, and has been a long-time credit union backer. "'Love'is a special word, one I use in reference to my spouse, my childrenand my close friends. But I stood on the floor of the House andsaid, 'I love my CU,' and I really do," Bonior says on thee-postcard.
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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.
March 28