DAYTON, Ohio - (04/29/05) -- NCR Corp. said it shed its red inkfor the first quarter with net income of $30 million, or 16 cents ashare, compared to a first quarter loss of $5 million, or threecents a share, last year. The world's largest ATM manufacturer saidfirst quarter revenues rose to $1.34 billion, up 4%, half of whichwas due to benefits from foreign currency fluctuations. Revenuesfor the company's core financial self service unit, which includesATMs, were up 8%, to $272 million, also due to currency advantages;while revenue for NCR's Teradata Data Warehousing unit was up 14%to $350 million.
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Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.
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Speakers at the Most Powerful Women in Banking conference Tuesday shared several scenarios in which banks will benefit from dollar-pegged cryptocurrency.
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The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
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Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention.
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New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.
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