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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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
10h ago -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
10h ago -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








