ATLANTA – Equifax reported a 6% decline in fourth quarter net income, even as revenues rose almost 4% for the quarter, due mainly to a $16.4 million restructuring charge.
Net income for the fourth quarter was $60.2 million and revenues were $464.3 million.
Fourth quarter highlights included two acquisitions: of IXI Corporation and Rapid Reporting Verification Company.
For the full year revenue was down 6% to $1.82 billion, while net income was down 14% to $233.9 million.
The Federal Reserve's Office of the Inspector General found inconsistencies in how reserve banks execute their search processes and review stock holdings for prospective directors.
RIAs who work with Charles Schwab have long worried Schwab competes with them for business. Could Vanguard's pending purchase of Altruist put Altruist RIAs in the same position?
Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.
The bank's strategy for getting from experimentation to measurable ROI is a model others should consider.
Regulators issued a joint statement Wednesday clarifying that banks can discuss facts surrounding suspicious activity with customers so long as they do not disclose the existence of a suspicious activity report explicitly.
Block added 30,000 sellers to what it calls "Neighborhoods," a proprietary distribution network that connects Cash App users with Square sellers. It is a key initiative Block CEO Jack Dorsey first outlined in 2024 as a way to meld the company's then-separate business lines to achieve network effects.
