WILMINGTON, Del. - (11/02/04) -- Credit card giant MBNA Corp., whichhas been buying up credit union card portfolios, said Monday it hasagreed to acquire the $550 million card portfolio and 390,000accounts of AmSouth Bancorp, in one of the biggest cards dealsever. As part of the deal, AmSouth has entered into an agent bankagreement. AmSouth said it expects to report a pre-tax net gain of$10 million on the sale.
The Federal Communications Commission proposed a $4.5 million fine against Voxbeam Telecommunications, which it accused of facilitating fraud scams. Many of the calls spoofed phone numbers belonging to American banks.
New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
The Cincinnati bank's Newline business is now its fastest growing commercial payments segment.
After French authorities stopped a bomb plot against a Bank of America office in Paris, security experts warned banks to step up their preparations for terror attacks.
The largest crypto theft of 2026 hit Drift Protocol after attackers exploited a small security council, putting a spotlight on DeFi vulnerabilities.
The cryptocurrency exchange is the latest digital asset firm to receive a trust bank charter from the Office of the Comptroller of the Currency.
