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How To Do Better Against National Bank Lending Competition

South State Correspondent

Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. Traditionally, community banks would compare their financial performance and health to similar-sized banks in their region.

National 195
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Store Front Business Index: Main Street USA, A-OK?

PYMNTS

One of the most significant: the health and importance of small businesses, and in particular, the “mom and pop” shops that line the main streets and side streets of our local communities. Other highlights of the study include: In Q2 2015, specific improvement was driven regionally by 4.1% The SFBI stood at 112.9 points in Q2 2014.

Maine 100
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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. The ECB commentary, we contend, solidifies at least some regional approaches to CBDCs, but retail use cases may be gaining favor.

Boston 227
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New Research Shows 100K+ SMBs Won’t Recover From COVID-19 Pandemic 

PYMNTS

The average business has in excess of $10,000 in monthly expenses and barely enough cash on hand to survive a month, according to the National Bureau Of Economic Research ( NBER ). The Mountain region was least affected, with 39 percent of firms temporarily closed.

Illinois 144
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NRF Cautions On Treasure Hunt Shopping

PYMNTS

The reopening of retail is bound to portend changes for businesses as well as consumers. The National Retail Federation (NRF) and other groups have released guidelines for store operation and design today (May 22) as members begin to come back from the economic devastation of the pandemic. It also recommends changes to kiosks.

Retail 148
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Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

PYMNTS

A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. A central entity may be associated with a government of such a region.”. However, a retail CBDC accessible to all would be a game-changer. So a retail CBDC is now [the ECB’s] main focus.”.

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US Liquor Sales Rise, But Not Enough To Offset COVID-Related Global Revenue Decline

PYMNTS

By region, Diageo’s Asia sales saw the biggest drop at 16 percent. The company attributed that to the fact that many countries in that region not only shuttered bars and restaurants, but also liquor stores. However, not all regions showed declines: North America bucked the trend and saw its sales rise 2 percent.