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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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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