ATLANTA - (02/03/06) Credit bureau Equifax Inc.Reported Thursday net income for its fourth quarter rose 9% to$62.8 million, or 48 cents a share, as the company continued toexpand its business providing credit reports directly toindividuals. Fourth quarter revenues rose 10% to $361.3 million.For the year, Equifax reported a 5% rise in net income to $246.5million, or $186 a share, on a 13% rise in revenues to $1.4billion. Revenues from the companys personal servicesoperations, which provides credit reports directly to consumers,rose 15% for the fourth quarter and by 20% for the year to $114.1million.
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The Las Vegas bank's deal for Arc Technologies comes three months after Capital One paid $5 billion for AI-native payments firm Brex.
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With Robinhood Chain now live, the company is pushing into tokenized equities, stablecoin lending and international markets.
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Industry experts say regional banks have roughly a two-year window in which to merge, before they risk the clock expiring on the Trump administration's M&A-friendly policies.
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The order covers the European units of JPMorganChase, Goldman, Citi and Morgan Stanley, and previews what U.S. regulators may eventually demand.
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The proposal calls for banks to make their compliance programs "risk-based" and pledges to emphasize "systemic" flaws with anti-money laundering programs rather than "isolated" shortcomings.
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As JPMorganChase, Wells Fargo and others chase a potential $15 billion deal to buy Fiserv's Star network, experts say the growth of AI-powered transactions and competition among bank technology firms will make debit routing a hot commodity, portending more M&A and placing pressure on traditional card networks.
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