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Data Shows 42 Pct Of Small Cap US Businesses Failing To Turn Profit

PYMNTS

The number is the highest since 2010’s 44 percent, the index says. broker-dealer Strategas Securities , said the downturn was “just getting started,” and that the velocity at which the number had risen was concerning. The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss.

US 175
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Former Restaurant Execs Seek $230M For SPAC

PYMNTS

The New York-based corporation, composed of eight experienced restaurant owners, is seeking to raise up to $230 million for a blank-check company, according to a filing with the Securities and Exchange Commission (SEC). The document says it intends to sell 23 million shares at $10 per share. to focus on the quick-service sector.

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Mortgage Lender LoanDepot Looks Toward $15B IPO

PYMNTS

We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. Securities and Exchange Commission (SEC). The company has determined not to pursue a public offering of the securities covered by the registration statement at this time,” LoanDepot wrote in its filing.

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Discount eCommerce Platform Wish Files $1B IPO

PYMNTS

Securities and Exchange (SEC) filing on Friday (Nov. Additional participants include Citigroup, Deutsche Bank, UBS Group, RBC Capital Markets and Credit Suisse Group. The Silicon Valley company was co-founded in 2010 by former Google engineer Peter Szulczewski, who serves as chief executive officer and controls 65.5

Groups 159
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Bitcoin Daily: Coinbase CEO Signs Giving Pledge; SEC To Investigate Crypto Next Year

PYMNTS

In addition, he will work with investors, clients and regulators on the company’s Security Token Offering, advisory services business and its partnership with BOX Digital Markets to launch the first SEC-regulated exchange for trading security tokens. And the U.S.

Bitcoin 164
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Branches more important than apps?

Chris Skinner

For example, it shows that the UK retail banking market place has become a dull playground thanks to mergers and acquisitions over the past half century: As a result, the six large banking groups held an 89% market share of the current account market. Anyways, there is some key metric data in the report.

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China To Grant More Banks Global Licenses

PYMNTS

More approvals are coming in China for global banks looking for majority ownership in their local securities ventures, according to a top Chinese regulator. Fang Xinghai, the vice chairman of the China Securities Regulatory Commission (CSRC), said that in the next six months, more licenses will be granted.

New York 156