MILWAUKEE - (04/15/05) -- Marshall & Ilsley Corp. saidgrowth in its Metavante outsourcing unit fueled a 16% first quarterincrease in net income to $169.6 million, or 73 cents a share,compared to the same period last year. The bank holding companysaid revenues for the first quarter surged 40% to $286.5 million,based on a half-dozen corporate acquisitions made over the pastyear, including the NYCE electronic funds network, AdvancedFinancial Solutions (AFS), and several others. Assets for thediversified banking company grew to $41.6 billion at the end of thequarter, from $35.5 billion a year earlier.
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The Consumer Financial Protection Bureau is rescinding two rules issued under former CFPB Director Rohit Chopra that required nonbanks to register court orders, plus terms and conditions of contracts.
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The payments giant had a "better than expected" fiscal fourth quarter, and said it expected that momentum to carry through the holidays. It's also looking forward to tailwinds brought by the Olympics and the FIFA World Cup in 2026.
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Brian McEvoy, chief retail banking officer at Webster Five in Central Massachusetts, says community banks are in a unique position to serve more small businesses. He was a speaker Tuesday at American Banker's 2025 Small Business Banking conference.
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The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.
October 28 -
Park National Corp's $317 million, all-stock deal for First Citizens Bancshares would give the buyer a presence in markets that are expected to grow faster than its legacy Ohio footprint.
October 28 -
Anchorage Digital Bank, Custodia Bank and Erebor Bank could be among the first recipients of limited, special-purpose payment accounts recently floated by Federal Reserve Gov. Christopher Waller.
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