DENVER - (06/21/06) First Data Corp. reported itsCardservice International unit has sold off much of its stake introubled ATM operator Global Axcess Corp. Cardservice sold off morethan a third of its Global Axcess shares over the last six weeksfor just pennies on the share, according to a filing with theSecurities and Exchange Commission. Between May 1 and June 7,Cardservice sold 534,500 shares for between 60 cents and 80 centeach. That leaves Cardservice with 900,029 Global Axcess shares, a4.28% stake. Global Axcess, which operates more than 5,000 ATMs,some of them co-branded by credit unions, reported a $722,000 loss2005 and an $877,900 loss for its first quarter, and has announcedit is shopping itself to prospective suitors. Global Axcess shareswere trading for just 52 cents Tuesday.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
October 31 -
A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
October 31 -
New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
October 31 -
Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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