ATLANTA - (07/25/06) -- Credit bureau Equifax Inc. reportedthat net income for its second quarter rose 11% to $69.6 million,or 53 cents a share. Second quarter revenues were up 7% to $387.7million. Second quarter financials included a $14.1 millionnon-taxable gain from litigation with certain selling shareholdersof Navient, Inc., a 2002 acquisition; and an $8.7 million lossrelated to litigation involving the company's Personal Solutionsunit. For the first six months of the year Equifax reported a 9%rise in net income to $132.2 million, or $1.03 a share, compared tothe first half in 2005. Revenues for the first six months were up8% to $761.7 million.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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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.
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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