JACKSONVILLE, Fla. - (07/19/06) Fidelity National InformationServices, one of the biggest third-party processors for creditunions, announced Tuesday it has created a back-office outsourcingand item processing operation in Brazil. The new outsourcingoperation, which will be called Fidelity BPO Brazil Ltda, willprovide a comprehensive range of office processing and supportservices, check imaging, check clearing and custody and consumerloan processing for credit unions and banks at more than 40processing centers in Brazil. To facilitate the massive outsourcinginitiative, Fidelity National Information has agreed to acquireProservvi Empreendimentos e Servicos Ltda, a Brazilian processor,for $2.8 million in cash and the assumption of $13.3 million indebt.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
7h ago -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
9h ago -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
9h ago -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
11h ago -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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