ATLANTA - (10/22/04) -- Credit bureau Equifax Inc. saidthird quarter earnings rose 4% to $53.2 million, or 40 cents ashare, based on a 22% rise in the company's European operations.Third quarter revenues increased 4% to $323 million, including $3.6million from European operations. Revenue growth from the company'score North American information services unit was flat at $177million for the quarter. Through the first three quarters revenueswere up 3% to $955.5 million, while net income was up 29% to $177.2million, or $1.32 a share, due mostly to last year's $14 milliontax charge in the third quarter.
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The Saginaw, Michigan-based credit union brought its credit card program back in-house to capture more member spending and gain added control over customer relationships. Previously, its credit card program was managed by a third-party vendor.
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Megan Ryan joins American Banker from the Chicago Fed, bringing insights on the payments industry exclusively for subscribers.
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The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
March 12 -
A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
March 12 -
A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
March 12 -
The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
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