JACKSONVILLE, Fla. -- Fidelity National Information Services reported Wednesday that net income rose 36% to $66 million, compared to last year's second quarter, but earnings per share declined 11% to 34 cents a share, due to the dilution caused by February's merger with Certegy Inc. The company, one of the biggest outsourcers of back-office credit union services, said the merger pushed total revenues 44% higher to $1.02 billion for the quarter. Fidelity National Information is in the process of a financial re-engineering in which its parent, Financial National Financial is spinning it and its Fidelity National Title unit off into separate companies. Fidelity National Information includes the remnants of Aurum Technology, ALLTEL Information Services, VISTA Information Solutions, Sanchez Computer Associates and InterCept, as well as Certegy.
-
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.
July 3 -
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.
July 3 -
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 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3