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Visa Taps Chris Newkirk To Serve As Chief Strategy Officer

PYMNTS

“Chris will be a great addition to the executive team, not only because of the deep payments expertise he brings, but also for his passion for people and excellent leadership,” Kelly said in the announcement. “I I look forward to welcoming Chris into our Visa family. and New York.

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Lowe’s, PetSmart And Others Take On New Leadership

PYMNTS

Despite another quarterly earnings miss announced Wednesday (May 23), Lowe’s shares got a 9 percent bump mid-week after poaching JCPenney CEO Marvin Ellison on Tuesday, a move that garnered support from Bill Ackman’s Pershing Square Capital Management LP. Zulily was one of those ventures, bought by QVC in 2015 for $2.9 billion.

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Sezzle Names Former PayPal Exec To Lead Sales

PYMNTS

Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. Bork will spearhead Sezzle’s enterprise business development efforts, as the company focuses on client acquisition following its recent capital raise.

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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets.

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Are you a bull or a bear, and how will it impact your planning for 2020 and beyond?

Gonzobanker

Regardless of their viewpoints on capital recovery, now is the time for banking leaders to reevaluate their planning strategies. In a recent Fortune survey, 55% of corporate executives said they expect to return to 2019 capital spending levels sometime in 2021. What businesses need capital in the interim? Capital will be king!

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SCOTUS decision on FHFA’s constitutionality could provide support for validity of pre-Seila Law CFPB actions

CFPB Monitor

Supreme Court, relying on its decision in Seila Law , held that the Federal Housing Finance Agency’s structure is unconstitutional because the Housing and Economic Recovery Act of 2008 only allows the President to remove the FHFA’s Director “for cause.”

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Leadership and board members. Thrive Capital, Khosla, Kleiner Perkins Caufield & Byers, and Redpoint also participated in early fundraising rounds.As

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