MILWAUKEE - (10/15/04) -- Marshall & Ilsley said thirdquarter earnings climbed 11% to $155.4 million, or 69 cents ashare, due to the continued growth in its Metavante financialservices unit. Total non-interest income for the bank holdingcompany rose 13% for the quarter to $367.9 million. Through thefirst nine months of the year net income increased 12% to $453.3million, or $2.01 a share, and on-interest revenues, most of itearned by Metavante, climbed 11% to $1 billion. Metavante, a whollyowned unit of M&I, has completed six major acquisitions in thefirst three quarters, including the NYCE electronic funds network,Advanced Financial Solutions (AFS), owner of the CheckpointExchange check clearing network, the Kirchman Corp. and ResponseData, a provider of bill pay and check processingservices.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
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