Banc One Corp., one of the biggest buyers of automated teller machines,
Diebold Inc., supplier of the machines, announced the sale this week.
Spurred by the ability to impose surcharges on cash withdrawals,
Banc One markets most of its off-premises machines under the brand name
It said earlier this year that 4,000 machines would be distributed among
At midyear Banc One was already the fifth-largest ATM owner in the
But Banc One is closing fast. This year's installations will top 5,000
The top five banks and thrifts have combined total assets of nearly $13 trillion.
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.
Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.
The Federal Deposit Insurance Corp. says it's ready to wind down the global systemically important banks. But until that happens, many in the banking industry are skeptical that regulators have actually developed a workable strategy to end "too big to fail."
