MUSKOGEE, Okla. - (10/22/04) -- The names are familiar but thecandidates may not be. Credit union supporters nationwide can beexcused if the names of candidates supported by their trade groupslook like someone out of the past, but in fact they represent a newgeneration of would-be credit union allies in Congress. Among themare Democratic State Rep. Dan Boren of Oklahoma, son of former Sen.David Boren; Democratic State Rep. Russ Carnahan of Missouri, sonof former Sen. Jean Carnahan and former Gov. Mel Carnahan; andRepublican State Rep Connie Mack of Florida, son of the former U.S.Senator of the same name. Then there's Democratic Rep. CharlesGonzalez of Texas, son of former House Banking Committee ChairmanHenry Gonzalez; and Sen. Lisa Murkowski, daughter of former Sen.Frank Murkowski, who are receiving credit union support for theirreelection campaigns. Stay tuned for Democratic State Rep. DanielLipinski of Illinois, who is expected to win the endorsement of theIllinois CU League in the final days of the his campaign for theHouse seat being vacated by his father William Lipinski, after 22years. "It's more than likely will support him; I believe hesupports us on the issues. His father always did," said DonEdwards, chief lobbyist for the league.
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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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