HOUSTON - (03/02/05) -- Cardtronics Inc., owner of thenation's largest fleet of ATMs, said Tuesday it has withdrawn itsplans to raise as much as $115 million through an initial publicoffering. The company, which filed for an IPO last May, said it iswithdrawing its plans because of continuing ongoing developmentswith regard to the company's business and financing. Cardtronicsacquired E*Trade's fleet of 15,000 ATMs last fall, giving it morethan 27,000 ATMs, far outpacing bank of America's 17,000-machinefleet. Cardtronics paid $110 million for the E*Trade machines, partof which it planned to finance through the stock offering. TheCardtronics machines form the basis of the Allpoint surcharge-freeATM network, in which more than 60 credit unionsparticipate.
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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.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
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.
July 3 -
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.
July 3