SAN ANTONIO - A state grand jury indicted three gunmen last week on charges related to December’s multi-county car chase, after the suspects allegedly robbed San Antonio FCU. A State Trooper was injured by gunfire and several bullets struck San Antonio police cruisers during the shoot-out. The three suspects, Michael Hurtado, 23 and his 24-year-old brother Liborio Hurtado, and Armando Contreras, 24, were each indicted on robbery and assault charges. Police said the three stormed the credit union wearing army fatigues, ski masks and bullet-proof vests and carrying semi-automatic weapons, before making off with an undisclosed amount of cash. They led police on a high-speed chase on Interstate 35 and were forced to a halt when the pick-up truck they were getting away in careened over the highway median. During an ensuing gunfight, at least 20 cars were hit by bullets and one of the suspects and a state trooper injured.
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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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