PITTSBURGH, Pa. - (01/16/06) A dangerous credit union robberwho was recaptured in 2004 after a dramatic man-hunt, fell to hisdeath last week trying to escape from the Allegheny County Jail.The body of Franklin Sebetich, 58, who was sentenced to 20 years inprison for the 1979 armed robbery at Cal-Ed CU, was found earlyThursday morning outside the prison wall, where he had fallen 16stories. Sebetich broke through a security window, pushed out ametal screen, and pried off a metal bar in his cell, authoritiessaid. Prison officials found a rope fashioned from sheets andinmate uniforms in his cell. In 1984 Sebeticj was convicted ofhelping two other armed men rob Cal Ed CU. Following the robbery,Sebetich fired several shots from a handgun out of a speedingpickup truck during a 22-mile chase. Sebetich, who had a longcriminal record, was released from prison in 2003, then ran afoulof the law again when police tried to arrest him for a homeinvasion. He led them on a two-day chase that ended when they usedtear gas to flush him out of an abandoned coal mine.
-
Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
March 28 -
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.
March 28 -
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.
March 28 -
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