DAYTON, Ohio - (01/27/06) Fourth quarter earnings climbed16% at NCR Corp. to $150 million, or 81 cents share, from the sameperiod in 2004, based on a $20 million favorable tax ruling, thecompany said Thursday. Revenues for the ATM maker declined 4% inthe period to $1.72 billion, mainly from currency fluctuations. Forthe full year NCR reported revenue of $6 billion, up less than 1%from 2004, but a surge in net income of 82% to $529 million, or$2.80 a share, due to a $137 million gain from a tax settlementwith the IRS in the third quarter of 2005.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





