CANTON, Ohio - (07/28/05) ATM maker Diebold Inc. said net incomefor its second quarter fell 24% to $33.3 million, or 47 cents ashare, compared to the same period last year. The main cause was$22 million in costs for restructuring and start-up costs for theEuropean manufacturing for the company's Opteva line of ATMs.Revenues for the second quarter grew 15% to $629.2 million. For thefirst six months of the year revenues rose 12% to $1.16 billion,while net income fell 16%, compared to last year's first half, to$61.2 million, or 85 cents a share. Second quarter highlightsinclude a $52 million contract in Brazil for electronic lotterymachines; and $131 million in Opteva orders.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
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