FirstBank Puerto Rico, a unit of First BanCorp of San Juan, has renewed a core processing outsourcing agreement with Fidelity National Information Services Inc.
The Jacksonville, Fla., vendor announced the five-year extension Thursday. Fidelity National will continue to provide FirstBank with software and maintenance support, including call center, data warehouse, and other retail banking applications.
The companies have worked together since 1994.
Kevin Warsh's nomination to the Federal Reserve chairmanship will require a second vote, which should happen this week.
The community bank trade group says crypto firms are combining stablecoin rules, Fed master account access and trust charters to replicate banking without bank rules.
The Canadian bank signed an agreement to sell the businesses to Stonepeak, an alternative investment firm in New York. The move will free up capital and allow the bank to invest in higher growth-potential areas.
President Donald Trump has tapped Treasury official John Crews to be the next chair of the National Credit Union Administration.
Parker Group unexpectedly ceased operating last week, then filed for Chapter 7 bankruptcy a few days later as sponsor banks and customers were left scrambling.
The Consumer Price Index for April showed consumer prices rising across all categories, including food and shelter costs, and up 3.8% year-over-year. Grocery prices rose 0.7% from the month prior.
