GLG News by ATM Market Experts

James Cayne stepped down as CEO to pass the baton to Alan Schwartz, who believes Bear Stearns faces some risks and sits in a comfortable position, however, the new CEO may be downplaying the possibility of further write downs. In November 2007, Bear Stearns said it would write down approximately $1.2...

Grant Kvalheim, BarCap's Co-President becomes the latest victim resulting from write downs related to subprime mortgage investments in the U.S. and leveraged loans. Kvalheim was responsible for helping to expand BarCap's business in the U.S., however, investments in CDOs, SIVs and SIV-lites which were...

Countrywide is denying rumors that it may be filing bankruptcy in face of a sharp decline in share price of as much as 79% in 2007, a credit crunch, record level defaults and a doubling in foreclosures and current economic conditions in the U.S. Investors are jittery about Countrywide and mortgage related...

Some of China's largest banks and its largest oil company Sinopec, has placed orders for 6,000 of Diebold's Opteva ATMs for installation at local banks and fuel stations in Beijing, in an effort to provide greater access to cash and financial services at the ATM. The banks sought out Sinopec because...

The UK's Government has asked Goldman Sachs to find new financial backers who are prepared to back a private sector solution and put together a financing package to rescue Northern Rock. The two rival bidders, Virgin Money and Olivant's funding problems may jeopardize their proposals because lending...

The introduction of Check 21 in 2004, has dramatically changed the payments landscape. Check 21 eliminated the legal barrier that had required the paper check for clearing and settlement and brought the capability for a digital image copy of the check to be the legal equivalent of the original check....

Euronet Worldwide has made numerous strategic acquisitions over the last several years, including payment processors, prepaid companies, funds transfer and bill payment firms and money transfer firms Ria and La Nacional, so its not surprising that Euronet sees MoneyGram as an attractive acquisition...

Countrywide's Home Loan Unit is under scrutiny by the IL and CA Attorney Generals regarding its loan origination practices. The SEC is also investigating Countrywide's CEO, Angelo Mozilo, who made significant stock trades before Countrywide's stock took a nose dive this year. Countrywide's shares has...

e-Payments growth accounted for over 66% of all noncash payments in 2006, contributing to the decline in check volume annually,  since 1995 when approximately 49.5 billion checks were paid. Approximately 30.6 billion checks were paid in 2006 with a value of $41.7 trillion, down from 37.3 billion...

Choppy markets may have led to Cardtronics shares falling more than 10% in its IPO debut on 12.11.07. Shares fell as low as $8.33 a share and never made it pass its $10 per share offering on 12.11.07. Based on the reduced size and price of its IPO, Cardtronics market cap is approximately $385 million....