What is the word on Bank being sold? We have not seen that source post in a while.
10 replies (most recent on top)
Agree with @ohlq+1qPfmRlQ been saying this myself for 3 years. But with the stock doing well there is no reason for FB/KKR to sell or spin off bank. There would have to be a major issue with cores requiring a significant ASAP regulatory investment (think Equifax) or a substantial drop in stock price else its business as usual for at least 2 more years.
Very unlikely the bank side would be “sold” so much as there would be a holding company created and the two sides of the business would be hard split. Maybe each individually listed. The reason would be keeping the lower growth bank cores and products away from the faster growing merchant side. No part of the plan would be about any improvements.
In 2006-2007, Fiserv began to remake itself as a payments-centric company. Bought CheckFree, sold its insurance and health-adjacent businesses to be able to invest where prospects were brightest. FDC combination was the culmination of that strategy, but it continues.... Bank is still a viable and attractive business for some kinds of owners, but maybe not for Fiserv anymore. That's the way it works - companies mature and evolve.
Denial by shilly means that it is true. Should get a formal announcement in the next month based upon timing of previous denials.
The message board geniuses really fell for that one.
Doubtful.
That would be the best present ever to be sold!
Hopefully ????
Rainbows, unicorns and garbanzo beans are highly offended by your reference.
Hopefully good so someone more competent than Franky big su-k nutto and John rainbow unicorn garbanzo beans can run it.