GLG News by Hypercom Point of Sale Terminal Experts

The RBS Consortium's bid for ABN (including LaSalle) of $98.5 billion (79% in cash and 21% in stock), may be lowered if the Dutch Advocate General's ruling sways the Dutch Supreme Court decision in mid-July on the validity of the sale of LaSalle Bank to Bank of America and determines if the deal required...

Barclays is working behind the scenes to woo its top-tier shareholders to support its $95.6 billion "all share" bid for ABN Amro. Barclays bid for ABN would result in cost savings of $3.8 billion and $939 million in revenue by 2010 and create synergies in the U.K. and U.S. Barclays acquisition...

In 1967, the first cash machine (ATM) was launched at a Barclays Bank in London and in 1969 the first U.S. ATM was launched in Long Island at Chemical Bank. Today there are approximately 1.6 million ATMs deployed globally and by 2011 that number is projected to surpass two million installed ATMs. In...

In a second round of bidding eFunds rival Fidelity National usurped Fiserv's bid of $1.5 billion to come out on top and will acquire eFunds for $1.8 billion. After eFunds reported 1Q07 earnings reflecting a decline in revenue by 4% to $134 million and a slight dip in net income of 1.4% to $10.5 million...

Key Implications: CBOT's and CME top executives wrote CBOT shareholders imploring them to vote for the proposed CME-CBOT merger on July 9, 2007 and to disregard ICE's proposal, which values CBOT at roughly $1.3 billion higher than CME's offer for CBOT. CME added some sweeter to their deal by adding...

Implications: In 2006 the amount of capital raised worldwide by companies going public rose to a record $246 billion. The number of listings also moved upwards to 1,729 IPOs, which is the highest number since 2000. China's companies raised the most capital at $56.6 billion, followed by U.S. companies...

On June 26, the Advocate General to the Dutch Supreme Court announced the results of his analysis of the appeal by ABN AMRO (NYS:ABN), Barclays (NYS:BCS), and Bank of America (NYS:BAC) regarding a lower court's mandate that the B of A - LaSalle deal be submitted to a shareholder vote by ABN AMRO. The...

The retailing giant withdrew its application for an industrial loan charter in 1Q2007 after the FDIC froze all such applications in light of tremendous opposition from banks and politicians in Washington and state capitals.  Wal-Mart (NYS:WMT) is now taking a different path to expanding its ability...

Implications: Bill Nuti took an opportunity to report on trends in self-service based on consumers' preferences at NCR's 2007 Summit. By 2009 roughly 57,000 financial services kiosks will be in the market. These kiosks can costs between $5,000-$15,000 and may be an incentive for retailers and banks...

Implications: ATM ISO (Independent Sales Organizations) and partners met in Dallas, for Nautilus' debut of its U.S. operations and to hear about expansion plans in the U.S. Up until six months ago Tranax was Nautilus' sole distributor in the U.S., until the companies parted ways in a nasty split. In...