ALEXANDRIA, Va. - (11/28/05) When the NCUA board meets here onTuesday it will be with its full complement of three members forthe first time in nearly a year. New board members Rodney E. Hoodand Gigi Hyland will join with Chairman JoAnn Johnson for themeeting at the agencys headquarters. At NCUAs mostrecent meeting, Johnson was the lone member. On the agenda: finalrules on post-employment restrictions for certain NCUA examiners,an interim final rule and request for comment on Part 707 of theagency's Truth in Savings rules, a request from a federal creditunion to convert to a community charter, NCUAs operatingbudget for 2006/07, the overhead transfer rate, and the operatingfee scale for 2006.
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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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