The Texas league has joined with other groups in financing a radio campaign touting a tax proposal. The TCUL contributed $25,000 to the campaign financed by Texans for Taxpayer Relief, which touts a proposal passed by the state House that swaps the current franchise tax in favor of a new business "Gross Margins" tax. The new tax spares credit unions a state tax. The group has raised about $220,000 so far to finance the radio ads, and also includes Texas Motor Transportation Association, Maxxam Corp., Texas Apartment Association, Texas Beer Alliance, Texas Association of Builders, and the Texas Restaurant Association ($10,000). The group aims to raise as much as $6 million to support its campaign.
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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.
11h ago -
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