ST. PETERSBURG, Fla. - (02/02/060 Stockholders of Certegy Inc.were paid a special $250 million reward when they voted last weekto approve the cards processors merger with FidelityNationals outsourcing group. The company said it raised the$250 million in the capital markets this week and will use themoney to pay shareholders a special cash dividend of $3.75 a shareas part of the merger agreement. The merger will combine Certegywith Fidelity Nationals Fidelity National InformationService, which is comprised of the old Aurum Technologies, SanchezComputer Associates, ALLTEL Information Services and VISTAInformation Solutions and InterCept Inc. The new company is beingspun off from Fidelity Nationals core title insurancebusiness and will trade separately on the New York Stock Exchangeunder the symbol FIS
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
10h ago -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
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In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
11h ago -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17