BOULDER, Colo. - (03/22/06) University of Colorado FCUrolled out a new website Wednesday at an Internet addressthats bound to raise a few hackles with the bankers:betterthanbanks.org. The site includes a link back to the creditunion's website where consumers can join U of C FCU and lists 17reasons to do business with the credit union instead of a bank. Thewebsite is being promoted on all print material as well asnewspaper ads and direct marketing campaigns. Rich Jones, marketingdirector for the $700 million credit union, told The Credit UnionJournal he could imagine other credit unions wanting to jump onthis campaign as well but added that some of the 17 differentiatorsare unique to U of C FCU, so other credit unions would have totailor the content for themselves. The roll-out of the new websitewas timed to coincide with the opening of the credit union'sseventh branch.
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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.
March 28 -
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.
March 28 -
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