News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Fifth Third Bank has reached a deal to acquire Comerica in an all-stock transaction of $10.9 billion. Through the merger agreement, Comerica's stockholders will receive 1.8663 Fifth Third shares for each Comerica share at $82.88 per share of the stock price on Oct. 3, according to a press release.
The Bank of England has softened its rhetoric on stablecoins, with Governor Andrew Bailey saying that stablecoins should be regulated like money, including depositor protections and access to reserve facilities, according to a report by Reuters. He previously stated that he believed stablecoins could threaten banks and the overall financial market by drawing money away from banks.
Crest Savings Bank, based in New Jersey, selected Vine for its AI-powered commercial lending platform. This platform can handle the bank's multiple types of loans such as construction, hotel and other business lines of credit, according to a press release.
Oki Electric Industry Co. has partnered with Lipi Data Systems Ltd. to produce ATMs for the Indian market. It will provide 500 machines monthly initially, with plans to increase production to 1,000 per month, according to a press release.
Candescent, a provider of cloud-based customer experience solutions for financial institutions, has opened its headquarters in the Sandy Springs suburb of Atlanta, Georgia. It contains its leadership, product, technology and client success teams, according to a press release.
Forsyth County, Georgia plan to bring ordinances to regulate bitcoin ATMs following reports of fraud. The county's Sheriff Office told commissioners that residents have lost $5.9 million in scams in 2025 so far, according to a report by 95.5 WSB.
The Securities and Exchange Commission has accused Daryl Heller, owner of the now defunct Paramount Management Group, of funneling $185 million in investments for his personal use and other businesses.
Two individuals are being detained after allegedly robbing an ATM service worker in San Antonio, Texas. Pollice were called out to a Chase Bank ATM on reports that an ATM service worker was being robbed, according to a report by KSAT.
Eurasian Bank, based in Kazakhstan, has selected Diebold Nixdorf for its VCP-Lite 7 self-service software. The bank initially integrated the software into its DN Series 450V cash recycler as part of a pilot, according to a press release.
Tietoevry Banking will provide its cloud-based ATM software-as-a-service to IC Cash and its subsidiary In2Retail's network of nearly 2,500 ATMs in Germany, Austria, Denmark, the Netherlands, Spain and Ireland, according to a press release.
Austrian, Dutch, German law enforcement agencies and Europol worked together to arrest four individuals who allegedly bombed ATMs in Austria. The agencies performed raids in three countries along with 12 premises. They were able to seize cash, explosive devices, high powered getaway vehicles and more, according to a report by Europol.
Candescent, a cloud-based digital solutions provider for financial institutions, upgraded its onboarding and account opening platform Terafina with new templates. With these templates, financial institutions have better control over the account opening experience and put in place defined rules for better onboarding journeys, according to a press release.
Barclays has left the Net Zero Banking Alliance, which aims to reduce carbon emissions and combat climate change. The bank left this group due to several other major banks in both the U.S. and the U.K. departing as well, according to a report by Reuters.
The Financial Crimes Enforcement Network has put out a warning about the growth of bitcoin ATM scams. In particular it is asking financial institutions to "be vigilant in identifying and reporting suspicious activity involving convertible virtual currency kiosks," according to the FinCEN notice.