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Chipotle Opening Digital-Only Kitchen Near West Point Academy

PYMNTS

Chipotle Mexican Grill is capitalizing on the surge in online demand and opening its first digital-only restaurant in Highland Falls, New York, just outside the gates of West Point military academy. Chipotle Digital Kitchen will start taking online orders for pickup or delivery on Saturday (Nov.

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Sweetgreen Closes $150M Funding Deal On A $1.6B Valuation

PYMNTS

Restaurant disruptor sweetgreen raised $150 million in a new funding round co-led by Lone Pine Capital and D1 Capital Partners, sweetgreen said in a press release on Monday (Sept. The company believes that mobile dining is the future of food; more than 50 percent of its customers place orders online. .

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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DoorDash Dives Into Grocery Delivery Business

PYMNTS

DoorDash’s on-demand grocery service is a nice addition to our online shopping options, and with delivery in under an hour, we know Smart & Final customers are going to appreciate it.”. The service launched in Atlanta, Chicago and Denver.

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CBD-Infused Burger Signals Higher Level Of Fast Food Innovation

PYMNTS

Selling fast food these days is not exactly for the faint of heart, given how the industry faces extreme — and increasingly online — competition for the consumer dollar. To drive home the marketing message, the burger was priced at $4.20. Denver CBD Burger. The latest? Combining cannabis culture with hamburgers.

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Cannabis Dispensary SaaS Provider Baker Technologies Raises $3.5M

PYMNTS

The funding will help with upfront capital provided to those farmers. Within banking, SolarisBank garnered $28 million, with venture capital provided by Arvato Financial Solutions, among others, which will be taken to expand the European technology platform, furthering geographic reach. Hint: It grew rapidly.)

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

Finally, resolution of failing financial institutions requires that the deposit insurance fund be strongly capitalized with real reserves, not just federal guarantee.” We knew there was tremendous hubris in the subprime market. I remember being at a Bank CEO Network event in Denver when CEO’s learned of this knowledge nugget.

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