PYMNTS
FEBRUARY 19, 2020
are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. The research filtered data from the Federal Deposit Insurance Corporation (FDIC). Banks across the U.S. There was a 2.2 percent drop during the same time period a year earlier, the research showed.
PYMNTS
NOVEMBER 23, 2017
New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov. According to a Wednesday (Nov.
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Bank Innovation
MAY 31, 2019
New York-based Grasshopper Bancorp, which opened for business to a select group of entrepreneurs and investors earlier this month, this week raised $116 million from investors, including T. Rowe Price Group, Patriot Financial Partners and Endeavour Capital Advisors.
PYMNTS
JUNE 10, 2019
A more distant possibility could be an Uber bank account, which would help facilitate payments and save the company some capital by relying on banks for contractors’ payments. If Uber did provide a bank account, it would likely link up with an existing FDIC-insured bank instead of acquiring its own charter.
Abrigo
AUGUST 3, 2017
The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent. A low interest rate environment 2.
PYMNTS
JULY 14, 2020
percent annual percentage yield (APY), an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,’” a statement said. The account comes with 1.30 Leveraging Risk the Right Way.
Fintech Labs Insights
MAY 8, 2015
Jordan II, as well as James Pallotta, chairman of Raptor Capital Management. The company said in a statement that the capital will be used for both increasing investment in future products and services, as well as hiring talent in a wide variety of areas from engineering and operations to marketing and customer service.
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