FORT WORTH, TEXAS - (05/11/05) American Airlines CU said itand New Mount Zion Baptist Church CU, a small community developmentcredit union start-up, have won the contract to take over the ATMconcession at Dallas/Fort Worth Airport beginning in June 2005. Thecontract involves 21 ATMs spread across five different DFW AirportTerminals and other airport facilities, and will serve the morethan 20-million airline passengers who pass through the airporteach year. The five-year contract requires that 70% of surchargerevenues be paid to the airport. The $740,000, 3,000-member NewMount Zion Baptist Church CU primarily serves minorities and has a5% participation in the contract.
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Bank of New York Mellon recorded another quarter of higher-than-expected revenue and earnings. Revenue for the third quarter rose 9% year over year, while earnings per share beat Wall Street's forecast by 12 cents.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
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Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
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New research from American Banker finds that financial institutions are asking about ROI, infrastructure costs and compliance burdens.
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America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter.
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