LAKE SUCCESS, N.Y. – DealerTrack Holdings, the provider of on-demand software and data systems for auto lending, announced Friday it has agreed to acquire Arkona, a South Jordan, Utah-based provider of on-demand dealer management systems for car dealerships. The purchase price is $1.38 a share in DealerTrack stock, or a total of $59 million. The deal is structured as a tender offer for 100% of Arkona’s shares.
Thirty-seven percent of those making more than $500,000 live paycheck to paycheck, Goldman Sachs found, making this a problem for more than just lower- income workers.
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
FiCare asked a judge to stop Fiserv from using automated checks to lift fraud holds. Fiserv says the credit union could have turned on one-time passcodes.
The federal agency's proposed definitions characterize event contracts as swaps, but exclude "casino-style" gambling.
Advisory practice sellers frequently wish they had taken more time for important strategic tasks before the deal, David Grau of Succession Resource Group says. He provided a list explaining why the timeline will take longer than many sellers may think.
Federal Reserve Vice Chair for Supervision Michelle Bowman said banks are making use of expanded balance sheet capacity to increase their Treasury holdings.
