GROVES, Texas - (01/19/05) -- Two local men agreed to plead guiltyto pilfering credit union ATMs holding almost $115,000 in cash intwo different incidents last year. The two were arrested last Juneafter one of them was caught transporting an ATM from GulfEmployees CU in Beaumont on the back of a flatbed trailer. The two,identified as Donald Pifer, Jr., 30, and Charles Cody, 32, had alsostolen an ATM from Texaco Comunity FCU in Port Arthur the monthbefore. That cash machine was found floating in a canal nearHighway 73 with $54,000 missing. The two men, each convicted on twocounts of theft, face up to 10 years in jail when they aresentenced.
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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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