DAYTON, Ohio - (07/28/06) -- ATM maker NCR Corp. reportedThursday that net income for its second quarter plunged by 39% to$78 million, or 43 cents a share, compared to the same period lastyear when the company was able to report a $64 million gain fromresolution of a tax issue. Second quarter revenues rose 4% to $1.53billion, fueled by strong sales in the company's Teradata datawarehousing, financial and retail segments. For the first sixmonths of the year, NCR reported a 24% drop in earnings to $119million, or 66 cents a share, from the first half last year.Revenue growth was flat, with roughly $2.8 billion in revenues forthe first half last year and this year.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
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