LONDON - (01/03/04) -- The man who revolutionized financialservices by introducing the first automatic teller machine washonored by the Queen last week along with rock star Roger Daltrey,lead singer for the Who, and British-born astronaut Michael Foaleas Commanders of the Order of the British Empire. JohnShepherd-Brown, 79, installed the world's first ATM almost 40 yearsago for Barclays Bank, in Enfield, North London. Shepherd-Browndeveloped the idea for an automated teller after he becamefrustrated at not being able to get cash on weekends. In 1967, asmanaging director of De La Rue Instruments, he initiated what hasbecome a world-wide practice, the trip to the ATM. Shepherd-Brownwent on to supervise the installation of ATMs in Switzerland,Philadelphia and Tokyo.
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A regulatory filing Wednesday sheds more light on how the megamerger came together. It also details the compensation arrangements for Comerica CEO Curtis Farmer, who will become Fifth Third's vice chair.
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As Standard Chartered boss Bill Winters says cash will soon fully give way to digital currency, Western Union, Worldline, Coinbase and Ripple entered separate collaborations to bring digital assets to wider audiences. That and more in the American Banker global payments and fintech roundup.
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At its first investor day in a decade and a half, the nation's second-largest bank pegged its guidance for return on tangible common equity at a slightly higher level than what it reported last quarter. Not all investors were impressed.
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Voters across the country swung hard to the left in yesterday's off-cycle elections, showing an acute interest on affordability issues ahead of the 2026 midterms.
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Despite record loan applications, Upstart's AI pulled back, causing a revenue miss and raising "incremental uncertainty" about its core underwriting model.
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