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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The Treasury Department terminated the lease for the Consumer Financial Protection Bureau's Washington, D.C., headquarters; HSBC's Gerry Keefe, head of banking in Europe and the Americas, quit to take a role outside of the financial services industry; Deutsche Bank has reported potential sanctions breaches involving Russian clients to German financial regulator Bundesbank; and more in this week's banking news roundup.
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Federal Reserve Gov. Christopher Waller said Friday that the length of time the Strait of Hormuz remains blocked will be a key factor in the longer-term inflation outlook — and, by extension, the Federal Reserve's monetary policy path.
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Nationwide, Americans are falling behind on their car loans. But among Ally Financial's customers, delinquencies fell during the first quarter.
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The international messaging network is attempting to standardize consumers' cross-border payment experience as other payment rails such as Visa Direct, Mastercard Send and stablecoins pressure the correspondent banking system.
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The Birmingham, Alabama-based company also benefited from improved credit quality, with declines in nonperforming assets and criticized loans paving the way for a reduced provision
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CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
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