While the Maryland company claimed it has margins and credit issues under control, it couldn’t provide any clarity on rising legal expenses.
Under terms of the settlement approved by a Georgia court Monday, Equifax may also have to pay an additional $125 million if the initial amount doesn’t cover all the claims.
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A shift towards staid, stable income generators has paid off
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Banks have until September to stop issuing cash products linked to sterling benchmark
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Policymakers must address barriers to growth for challenger banks
Quintet’s expansion reflects intensifying competition in private banking
Move marks the first time it has looked beyond the Big Four