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OECD Sees Continued Decline In Global Economy

PYMNTS

The Organization for Economic Cooperation and Development (OECD), a consortium of 34 nations worldwide, has warned that the U.S. are less optimistic about the national economy, with economic outlook dropping for the fourth month in a row, according to data from the National Federation of Independent Business (NFIB).

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Election Season Has SMEs Stressed, Says Research

PYMNTS

According to researchers, the Small Business Economic Survey found that SMEs in the region are more pessimistic about the nation’s economy in 2016 than they were in 2015. According to Union Bank, during the 2012 election year, the survey found similar evidence of uneasiness and uncertainty about the nation’s economy.

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Today In Payments Around The World: Red Dot Lands $200M For Tech Startups; Walmart Sells Retail Locations To Grupo de Narváez

PYMNTS

In today’s top payments news around the world, Red Dot Capital Partners has landed $200 million to invest in tech firms, Walmart announced it would sell its retail operations in Argentina to Grupo de Narváez. Israeli’s Red Dot Capital Raises $200M For Southeast Asia-Focused Tech Startups.

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Ripple Raises $55 Million Series B; Announces New Bank Partners

Fintech Labs Insights

Ripple will use the funding, which takes the company’s total capital to more than $93 million , to grow its customer base and its team, as well as help secure strategic partnerships. Founded in 2012 and headquartered in San Francisco, California, Ripple demonstrated its technology as OpenCoin at FinovateSpring 2013.

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Bankers: Is your strategy the same as your competitor?

Jeff For Banks

Since the fourth quarter, 2012, we have expanded to serve the small business community by offering loans guaranteed by the Small Business Administration as well as the U.S. Texas Capital Bancshares, Inc. Department of Agriculture. We are primarily a secured lender, with our greatest concentration of loans in Texas.

Strategy 101
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Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. In 2012, the company had net income of $7.0

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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

A healthy culture of dissent may have helped the company focus on its product issues before they became a national scandal, but workers who raised red flags were ignored and, if they persisted, asked to leave the company. Select investors : Amazon, Hummer Winblad Venture Partners, Bowman Capital Management LLC. Total funding : $161M.

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