OAKBROOK TERRACE, Ill. - (02/02/05) -- Apropos Technology, a provider ofcall center solutions for credit unions, said net income was cut inhalf for its fourth quarter, to $355,000, or two cents a share,based on a decline in revenue to $5.5 million, from $5.6 millionfor the last year's fourth quarter. The company reported a loss forthe fiscal year of $33,6000, or two cents a share, down from a lossof $5.7 million, or 34 cents a share, for last year. Revenues forthe full year were $20.6 million, up from $20.1 million lastyear.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
39m ago -
Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





