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IMF Report: Banking Profits Might Not Exceed Cost Of Equity In 2025

PYMNTS

A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF).

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Live Nation Settles With DOJ Over Ticketmaster Antitrust Violation

PYMNTS

Live Nation Entertainment reached a deal with the government, resolving concerns that the company had violated a 2010 antitrust settlement. The agreement — which was set to expire in 2020 — bars Live Nation from forcing venues to use Ticketmaster when they want to book tours, as well as retaliating when a venue uses another ticketing service.

National 130
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New York Governor’s Proposed TED Bill Includes Sweeping BNPL Legislation

CFPB Monitor

After promising earlier this year to “establish nation-leading regulations for the Buy Now Pay Later loan industry,” New York Governor Kathy Hochul took a significant first step in that direction by including Buy Now Pay Later (“BNPL”) legislation in her Proposed 2024-2025 Transportation, Economic Development and Environmental Conservation (“TED”) (..)

New York 139
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Medical Tourism 1 In 8 Int’l Trips By 2025

PYMNTS

Perhaps the most surprising insight Visa’s study provides is that outbound travel for Indian nationals over age 65 is expected to experience a staggering 193 percent increase in growth by 2025. The estimated annual growth in outbound travel in the 65-plus category is expected to hit 11.4 percent year over year.

Study 100
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ABA, associations urge lawmakers to bolster funding for CDFI Fund

ABA Community Banking

ABA joined the Community Development Bankers Association, National Bankers Association and two other associations in urging members of the House and Senate appropriations committees to fund the CDFI Fund for fiscal year 2025.

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Office Lending – Here is Why It is Not as Bad as The Market Thinks

South State Correspondent

If you add these metrics, office attendance has stabilized nationally and started to trend higher in 2024. As can be seen below, the net result, based on CoStar data, is that we expect office rents to continue to fall and capitalization rates to continue to rise until late 2025, should the economy remain stable.

Lending 195
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Mastercard Supports Women-Owned SMBs With $20M CNote Investment

PYMNTS

Mastercard is marking National Women’s Small Business Month by furthering its support of the female-founded impact investment platform CNote with an infusion of $20 million, the company announced Friday (Oct. 24) in collaboration with the career platform for women Create & Cultivate.