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The pro-cyclicality of capital ratios and credit supply, a tale of two sizes

BankUnderground

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. Although capital standards existed before 2010, they were significantly weaker.

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Golden Gate Capital Considers Merging Eddie Bauer And Pacific Sunwear

PYMNTS

The parent company of Eddie Bauer and Pacific Sunwear of California is considering a merger of the two retailers in an effort to consolidate stores, as well as survive a prolonged downturn in the American brick-and-mortar retail sector. Eddie Bauer also declined to comment, while Pacific Sunwear could not be reached for comment.

Capital 100
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Retail Sales Shot Up In May

PYMNTS

Consumer confidence seems to have returned in a big way in May as retail sales soared to their highest level since November 2017, according to news from The Wall Street Journal. Excluding auto sales, which have a tendency to bounce up and down frequently month to month, retail spending was up.9 Retail sales are up 5.9

Retail 108
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FDIC Approves Square For Banking License

PYMNTS

Square Financial Services will originate commercial loans to the retailers that use Square for payments. was formed in 2009 as a payment services provider to enable businesses to accept card payments. The headquarters will be in Salt Lake City, Utah. Square, Inc. The new bank anticipates opening next year.

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Why Rent The Runway Wants To Become The Amazon Prime Of Retail

PYMNTS

A decade ago, the concept of building a retail operation around shopping in other people’s closets was something of a hard sell. We were kind of the original disruption in the fashion retail space, as it brought the concept of sharing a closet to the forefront in 2009.

Retail 133
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InContext And The New (Virtual) Reality Of Retail

PYMNTS

AR/VR doesn’t, however, seem like an obvious entrant into retail spaces on first blush, particularly retail spaces that are already physical. In fact, InContext thinks virtualizing real experiences might help bring some of those erstwhile shoppers back to physical retail.

Retail 101
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Lending Club Appoints BlackRock Veteran As Chief Capital Officer

PYMNTS

Lending Club, which has been struggling to recover from loan errors and the departure of its Chief Executive (among other issues), has named Patrick Dunne, a veteran of BlackRock, as its new chief capital officer. The former CEO was also charged with inflating monthly loan volumes back in 2009 by giving the loans to family.

Lending 100