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Japan’s Startup Index Soars To Highest Point Since 2006

PYMNTS

The Tokyo Stock Exchange Mothers Index , which tracks Japan’s startups, has climbed back up this year to finally match an earlier high set in 2006. The NASDAQ-style Mothers Index has soared along with an influx of retail investors, Bloomberg said. He told Bloomberg that “money is flowing and keeping Mothers strong.”.

Regional 141
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UK Card Spend Reaches Highest Level Since at Least 2006

FICO

But this year’s rise seems to also have been driven by inflation, pushing the amount of average credit card spend in the UK to the highest level since our UK Risk Benchmarking records began in 2006. This rise occurred in a month when UK retail sales volumes were widely reported as being down relative to past years.

Cards 52
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We Need a New Funding Strategy

Jeff For Banks

It is true that the average balance per retail (non jumbo) CD account was higher in the fourth quarter 2023 than the fourth quarter 2021. For retail money market deposit accounts alone, the same math equates to an aggregate decline in those balances of $105 million. But it was not materially so. Maybe it's 50 basis points.

Strategy 101
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US Government Aid Lessened Bankruptcies In 2020, Study Finds

PYMNTS

December had 34,304 bankruptcy filings in total, which was also the lowest monthly total since January 2006, the release stated. In Epiq's report on 2020 bankruptcy statistics, the firm found that 2020 had the lowest numbers since 1989, with 529,068 over all chapters, according to a press release.

Study 159
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Hudson’s Bay CEO To Depart In Coming Weeks

PYMNTS

was a target of Land & Buildings Investment Management LLC, an activist investor that wanted the firm to optimize its real estate value by converting its retail space into hotels, offices and other boutiques. billion in 2006. Richard Baker, Hudson’s Bay Co. executive chairman, will assume the CEO role. Hudson’s Bay Co.

Groups 130
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Shoe Company Rockport Likely Will Be Sold To A Private Equity Firm

PYMNTS

At the time, Rockport said it planned to close any of its 60 North American retail stores that are not purchased by “stalking horse bidder” Charlesbank or another party. Adidas had bought Rockport in 2006 but then sold the company in 2015 to Berkshire Partners and New Balance. No specific closures were announced at that time, or now.

Company 100
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Levi Goes ‘Soft And Stretchy’ In A Rigid Retail Market

PYMNTS

Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Mobile shopping is growing and a key focus of retailers going into the holiday season. Mobile shopping is growing and a key focus of retailers going into the holiday season. Along with Claire’s Stores Inc.,

Retail 100