DIXON, Calif. - (08/15/05) -- Authorities were hunting for threesuspects who robbed Travis CU at gunpoint Thursday and made offwith an estimated $50,000 after switching getaway cars in a nearbyapartment complex. Two of the suspects entered the credit unionbranch around 10:22 am brandishing handguns. While one kept sixmembers at bay, the other hopped the teller counter and emptied thecash drawers, then forced an employee to open the cash vault. Therobbery took less than a minute to complete; then the two armed menfled in a 1984 Oldsmobile with a third suspect driving. That car,which was stolen, was found with its engine still running in theparking lot of a nearby apartment complex.
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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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