MADISON, Wis. - (05/25/05) -- Pete Crear, longtime executive atCUNA, was named Tuesday as new chief executive at the World Councilof CUs. Crear will succeed Arthur Arnold, who led WOCCU for fiveyears before leaving in January to return to his home in theNetherlands. Brian Branch has been serving as interim presidentsince then. Crear has more than 40 years experience in the creditunion movement and served as vice president of the Michigan CULeague and president of the Connecticut and Indiana credit unionleagues, before moving to CUNA, where he served until the first ofthe year as senior vice president.
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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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