HOUSTOn - (02/23/06) -- Cardtronics, operator of thenation's largest fleet of ATMs, reported a loss Wednesday for itsfourth quarter of $900,000 , even as revenues were rising 13% to$70 million for the quarter, compared to the same period in 2004.Among the reasons was the roll-out of ATMs in CVS and Walgreensstores, which are in the process of ramping up to profitability,the company said. As a result, the privately held company reporteda 75% drop in fiscal year earnings to $947,000, compared to 2004,even as revenues were rising 40% to $268 million. Among the fourthquarter highlights was the acquisition of ATM National and itsAllpoint surcharge-free network, popular with credit unions.Cardtronics operates more than 26,000 ATMs across the nation, mostof them available to credit unions members via Allpoint or TheCredit Union 24 network.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
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