KING OF PRUSSIA, Pa. - (08/17/05) SEDONA Corp., maker of theIntarsia suite of online services, said losses for its secondquarter increased to $641,000, or a penny a share, and to $1.5million, or two cents a share for the first six months of the year.The company said revenues also declined to $229,000 for thequarter, from $407,000 for the same period last year, and to just$386,000 for the first six months, compared to $694,000 for thefirst half last year. Separately, SEDONA said it obtained clearancefrom a federal court to pursue a civil suit against several partiesinvolved the manipulation of its stock price. Several individualswere cited by the Securities and Exchange Commission in a 2003 suitfor manipulating SEDONA shares, requiring several of those cited topay civil penalties to the SEC.
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Former Silicon Valley Bank exec Floyd Kessler joins Comerica as executive vice president and chief business control officer; Melissa Holding succeeds Michael Robinson as head of wealth management at Huntington; Goldman Sachs' Alexander Mayer is set to take on a senior position at JPMorgan Chase; and more in this week's banking news roundup.
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In this week's edition of the American Banker news quiz, test your knowledge on Colorado banking legislation, the failure of Republic First Bancorp, acquisitions and more.
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Banks maintain lists of consulting firms that they trust to help troubled commercial borrowers to fix their businesses. These specialists say they're getting more calls, especially in areas such as multifamily and CRE, from business owners who need help.
May 2 -
Nearly 15 years ago, Les Lieberman and other organizers of Porticoes Capital used a shelf charter to buy a spate of failed banks. Now they're hoping to replay the strategy.
May 2 -
The financial services company has found that engineers report higher satisfaction and save time when using a copilot to assist with coding.
May 2 -
The embedded banking services Amazon offers to third-party sellers come from the hidden hand of JPMorgan Chase's corporate payments arm, which markets its services to e-commerce platforms on a white-label basis.
May 2