HOUSTON - (07/24/06) Cardtronics, the world'slargest ATM operator and a close partner with credit unions,reported last week it had a $3.2-million loss for its fiscal firstquarter, ended March 31, and a $3.8-million loss for 2005. Revenuesfor the period rose 19% to $69.1 million. The financial report wasdisclosed publicly for the first time in documents filed with theSecurities and Exchange Commission in relation to the company'sexchange of $200 million of subordinated notes. Cardtronics alsoreported it has discontinued 1,857 of the 13,135 ATMs acquired in2005 from E*Trade because of low profit margins. Cardtronics is theparent of Allpoint the surcharge-free network popular with creditunions.
-
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
1h ago -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
1h ago -
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
2h ago -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
2h ago -
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
5h ago -
In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
5h ago