GLG News by Hypercom Point of Sale Terminal Experts

Implications: In less than 30 minutes the Dutch court ruled that the sale of LaSalle Bank to Bank of America for $21 billion does not require a shareholder vote and can move forward. Additionally, it threw a sharp blow to the shareholder group, VEB who originally filed suit to block the sale, stating...

Implications: Banks and credit unions are once again answering questions before the House Committee on Financial Services and this time the questions raised are over banks and credit unions policies on overdraft fees for ATM & debit transactions, which netted a stream of fee revenue to the tune...

Implications: Although Hypercom's earnings were up in 1Q07 by 6.3% or $64.8 million, compared to $60.9 million during the same period in 2006, apparently, it wasn't enough progress to woo Hypercom's Board and satisfy its investors. Hypercom has come under immense pressure from its competitors Verifone/Lipman,...

The buyers, headed by private equity firms J. C. Flowers & Co. and Friedman, Fleischer & Lowe LLC along with Bank of America and JP Morgan Chase, are claiming that new Congressional legislation adversely changes the deal and they are prepared to back out. Sallie Mae (SLM) strongly disagrees...

Implications: Private equity firms raised over $64 billion during the week of the 4th of July and during the first half of the year raised more than $240 billion, which places them on target to surpass last year's record of $459 billion and positions private equity as a major player in future M&A...

Implications: In 2003 Prudential took a 38% stake in a LLC with Wachovia Securities to merge their brokerage firms and clearing operations together. Wachovia's stake is 62% based on pre-tax earnings contributions and the combined venture has resulted in over $773 billion in client assets under management,...

Implications: Preliminary results indicate that CME's 11th hour bid of $11.9 billion dashed ICE's (Intercontinental Exchange) hopes of acquiring CBOT and won CME approval by CBOT's shareholders. ICE appeared to have the edge for months and promised shareholders as much as $25 a share, which was more...

ATM OEMs (Original Equipment Manufacturers) are looking to the Asia-Pacific region for new growth opportunities as China's FIs prepare to provide ATM access and banking services during the 2008 Olympics in Beijing, China. The Asia-Pacific region currently has over 476,000 ATMs installed and is expected...

Before the Dutch Supreme Court rules this week whether or not the LaSalle Bank sale to BofA was valid, RBS & Fortis are arguing over who takes what stake in ABN's "client list and staff." RBS' contributed $36.59 billion to the Consortium's total bid price of ABN for $95.6 billion and Fortis contributed...

Federal regulators issued new requirements to curtail weak underwriting standards for the subprime mortgage market. The new guidelines require all banks, thrifts, and credit unions regulated by a federal agency to use the adjusted mortgage loan rate instead of the initial teaser rate to qualify all...