Content about Banks

November 6, 2012

OfficeMax Inc. reported that net income for the third quarter jumped to $433.5 million from $22 million in the same period last year, as the office supply retailer eliminated non-recourse debt guaranteed by Lehman Bros. Holdings from its books.

Naperville, Ill. -- OfficeMax Inc. reported Tuesday that net income for the third quarter jumped to $433.5 million from $22 million in the same period last year, as the office supply retailer eliminated non-recourse debt guaranteed by Lehman Bros. Holdings from its books.

Revenue dipped 1.7% to $1.74 billion, missing Wall Street’s expected $1.87 billion. Same-store sales fell 2.1%.

July 20, 2012

Beachwood, Ohio-based Chase Properties said it has acquired Williams Crossing in Bedford, Ind., from Horne Properties.

Bedford, Ind. -- Beachwood, Ohio-based Chase Properties said it has acquired Williams Crossing in Bedford, Ind., from Horne Properties.

Williams Crossing is a 50,000-sq.-ft. shopping center that is shadow-anchored by a Super Walmart. Other tenants in the center include Dollar Tree, Maurices, Shoe Show and Hibbett Sports. Marcus & Millichap brokered the sale.
 

December 8, 2011

ATM owner Cardtronics said it has forged a long-term agreement in Puerto Rico with National Lumber & Hardware to install ATMs at 38 locations for the home improvement and interior design retailer.

Houston -- ATM owner Cardtronics said Thursday it has forged a long-term agreement in Puerto Rico with National Lumber & Hardware to install ATMs at 38 locations for the home improvement and interior design retailer.

National Lumber & Hardware is a division of Pitusa, the island’s largest Puerto Rico-based retailer.

November 2, 2011

ATM owner Cardtronics said Wednesday it has completed its acquisition of Access to Money, an operator of merchant-owned ATMs and provider of cash machines to two major multi-unit retailers.

Houston -- ATM owner Cardtronics said Wednesday it has completed its acquisition of Access to Money, an operator of merchant-owned ATMs and provider of cash machines to two major multi-unit retailers.

“We anticipate an efficient and seamless integration of Access to Money's operations," said Steve Rathgaber, CEO, Cardtronics.

November 2, 2011

ATM owner Cardtronics said Wednesday it has signed an agreement to provide ATM services to grocer Harris Teeter.

Houston -- ATM owner Cardtronics said Wednesday it has signed an agreement to provide ATM services to grocer Harris Teeter.

As part of the agreement, Cardtronics has initially installed 100 ATMs for Harris Teeter in Florida, Maryland, North Carolina, South Carolina, Tennessee and Virginia. Additionally, the agreement provides Cardtronics the exclusive right to install ATMs in new Harris Teeter stores, as well as to transition all existing non-bank branch cash machines at Harris Teeter stores to Cardtronics' ATMs, over time.
 

September 29, 2011

JPMorgan said Thursday it has hired Sears Holdings Corp. president of financial services Susan Ehrlich as a senior VP.

New York City -- JPMorgan said Thursday it has hired Sears Holdings Corp. president of financial services Susan Ehrlich as a senior VP.

Ehrlich will be charged to help create new payments services for customers, retailers and small businesses.

Ehrlich managed Sears’s expansion of payment and credit products over a five-year period for the retailer.
 

September 20, 2011

Retail ATM owner Cardtronics said Tuesday that it has forged an ATM managed services agreement with Lakewood, Colo.-based FirstBank, covering the segment of its ATM network located in King Soopers grocery stores.

Houston -- Retail ATM owner Cardtronics said Tuesday that it has forged an ATM managed services agreement with Lakewood, Colo.-based FirstBank, covering the segment of its ATM network located in King Soopers grocery stores.

As part of the agreement, Cardtronics has implemented all hardware upgrades necessary to bring the King Soopers portion of the $11 billion-asset bank’s ATM network into compliance with revised “Americans with Disabilities Act regulations set to take effect in 2012.

April 12, 2011

Chase Card Services, a division of JPMorgan Chase & Co., and Kohl’s Department Stores announced an exclusive marketing partnership in which Chase card members enrolled in Chase’s Ultimate Rewards program will gain access to a wide range of increased rewards benefits for shopping at Kohl’s.

Wilmington, Del. -- Chase Card Services, a division of JPMorgan Chase & Co., and Kohl’s Department Stores announced an exclusive marketing partnership in which Chase card members enrolled in Chase’s Ultimate Rewards program will gain access to a wide range of increased rewards benefits for shopping at Kohl’s.

April 7, 2011

Gap has entered into a new $500 million revolving credit facility with a syndicate of banks led by BofA Merrill Lynch, J.P. Morgan and Citigroup Global Markets.

San Francisco -- Gap has entered into a new $500 million revolving credit facility with a syndicate of banks led by BofA Merrill Lynch, J.P. Morgan and Citigroup Global Markets. The new financing matures in 2016 and replaces the company’s existing $500 million revolving credit facility. As part of the same financing agreement, the company also entered into a $400 million five-year term loan.

September 23, 2010

Zale Corp. announced that it has selected Citibank (South Dakota), N.A.) to provide the private...

June 21, 2010

According to a securities filing on Tuesday, Zale Corp. has made a $5.3 million partial...

May 6, 2010

Shares of Zale Corp. rose after the jewelry retailer said it has reached an agreement...

May 2, 2010

Zale Corp. said it has entered into exclusive talks with Citibank to renew the jeweler’s...

March 15, 2010

Regional banking company KeyCorp said late Monday that it named Edward W. Stack, chairman and...

September 30, 2009

NewOak Capital said Wednesday it has appointed Amy Levenson to the position of managing director...

October 30, 2008

Dillard's Inc. on Friday offered more details about its financial position in an effort to...

May 19, 2008

First-quarter profits at Target Corp. dropped almost 8% on softer-than-expected sales and higher costs, but...

April 16, 2008

The Talbots Co. disclosed in a filing with the Securities and Exchange Commission late Tuesday...

December 18, 2007

Milan, Italian fashion...

November 30, 2007

There have been some 150 to 200 PIN-Pad tampering incidents in the last two years,...

July 19, 2007

New York City, ...

April 2, 2007

Suffern, N.Y., Dress...

November 2, 2005

New Albany, Ohio, ...

November 2, 2005

New Albany, Ohio, ...

August 30, 2005

Toronto, Sears Canada...