WILWAUKEE-Metavante Technologies, the back-office service provider for credit unions and banks preparing to be acquired by Fidelity National Services, reported that first quarter earnings rose 15% to $40.3 million, while revenues advanced by 1% to $426.9 million.
Metavante, which was spun off just two years ago from Marshall & Ilsley Bancorp, has agreed to be acquired by Fidelity National in a stock swap value at $3 billion.
Advisors are still slow to plan for handing down their businesses, in part because of difficulties finding new owners they can trust.
Recent analyses found non-malicious AI agents can "think," emote and launch attacks unprompted. There are several things banks should do to protect themselves.
Increased costs, a limited consumer pool and churn are pressuring the financial institutions that are competing in the luxury card market.
Republicans released a new version of the crypto bill ahead of a scheduled vote. But even with the changes, Democrats have little incentive to offer support.
It's easy these days to get caught up in all the bad news and very easy to lose sight of the good. So let's take a moment to focus on some good news.
Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.
