McLEAN, Va. - (10/21/04) -- Online Resources Corp. said thirdquarter earnings rose to $2.1 million, or 11 cents a share,compared to just $364,000, or two cents a share, for the sameperiod last year. Revenues grew a strong 19% to $11 million for theperiod. During the quarter Online Resources increased its clientbase by 10 financial institutions to a total of 697. Through thefirst three quarters of the year the company reported an 8% rise inrevenues to $31 million, and net earnings of $3.8 million, or 19cents a share, compared to $2.4 million, or 15 cents a share, forthe same period last year.
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The combination of the banks is the latest in a trend of deals closing on speedier timelines, and signals the industry's hunt for scale.
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When the Swiss banking giant bought rival Credit Suisse in 2023, it inherited an investigation over money the Nazis looted from European Jews. The issue now seems to be coming to a head in Washington.
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The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to Detroit-based First Independence Bank, costing the Federal Deposit Insurance Corp.'s Deposit Insurance Fund an estimated $19.7 million.
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Court documents reveal how a teller used the drive-through window and work email to aid a scheme that bypassed TD's fraud defenses.
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U.S. Bancorp shuffles management as COO Souheil Badran announces his retirement; Stock Yards Bancorp agrees to buy Field & Main Bancorp; Citi's wealth business hires Mercer's Olaolu Aganga for a newly created role; and more in this week's banking news roundup.
January 30 -
Former Fed Gov. Kevin Warsh is a relatively known quantity to financial markets, but his embrace of President Trump's agenda and the White House's own contentious relationship with the central bank make it hard to know with certainty where — or even whether — he will lead the Fed.
January 30





