GLG News by CheckFree Experts

Countrywide needed to restore investor confidence. Quickly lining up Bank of America as a substantial non-voting investor during the market turmoil came at a steep price. Did Bank of America emulate Warren Buffett on this deal?

The latest data on mortgage and credit card delinquencies seems to run counter to conventional wisdom - that borrowers will keep paying the mortgage and default on unsecured debt, especially credit cards. Why would the  subprime meltdown and rapidly rising foreclosures have no effect on credit...

The suggestion that Wal-Mart will boldly go where no bank has gone before raises several questions. How can Wal-Mart undercut competitor pricing in order to expand into banking? Is Wal-Mart willing to lose money from a banking strategy to gain market share? Does the unbanked and underbanked marketplace...

TRM is the second largest non-bank ATM owner behind Cardtronics and owns approximately 10,600 ATMs in the U.S., which is down from 11,511 in Q406 and 17,588 in Q306. TRM has seen a 14% decline in its ATM portfolio since 2005 and has been forced to sell off its ATM operations in the U.K., Germany and...

Banks and credit unions are rolling out check imaging ATMs that scan checks and cash, eliminates the need for envelopes, reduces the cost to process checks, providers customers with immediate access to funds and verifies that the deposit has been received. The potential cost savings for banks and credit...

In NetSpend Capital One has an important channel to cost-effectively originate borrowers for its various lending operations, foremost its US credit card business.

Cardtronics net loss is due in part to higher depreciation expenses associated with additional ATM deployments in the United Kingdom and Mexico, as well as startup costs for its in-house transaction processing operation and expenses associated with strengthening its bank branding marketing program....

Brazil is fueling ATM growth in the Latin American region and over the next three-four years Brazil will add to its installed base of ATMS, which will push Latin American ATM growth from 173,880 ATMs to over 231,075 ATMs by 2011. Brazil touts the largest number of ATMs in Latin America and from Mexico...

Fortis's shareholders squashed rumors last week that they would vote against the ABN bid and rights issue when 39% of its shareholders turned out in record numbers and gave Fortis a 96% vote of approval. Fortis's shareholders voted in favor of the $17.76 billion rights issue which has come under scrutiny....

The week of August 6, 2007, was a good week for the Consortium. On August 6, 207, Fortis's shareholders approved its portion of the ABN bid and RBS's shareholders ended the week on 8.10.07 with its shareholders giving a 95% approval of the ABN bid and a 6.84 billion share issue to secure the Consortium's...