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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). Greg Golkin, managing partner at Kitchen Fund, is named as president. Chang’s China Bistro Inc.,

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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

Goldman’s expanded move into South Africa coincides with the scaling down of other brokerages, including Macquarie Group, Arqaam Capital, Deutsche Bank and Credit Suisse Group. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

Goldman’s expanded move into South Africa coincides with the scaling down of other brokerages, including Macquarie Group, Arqaam Capital, Deutsche Bank and Credit Suisse Group. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

Capital 131
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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

Rising interest rates depress the value of low-rate securities and loans. Banks had more than $500 billion in unrealized losses on their securities at the end of March. The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however.

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Bahrain Development Bank Selects TCS BaNCS Global Banking Platform to Speed Up Innovation

Bobsguide

BDB offers conventional and Islamic business finance services, venture capital and investment advisory to small and medium enterprises across multiple industries in the Kingdom of Bahrain. It will interface with technology offerings from TCS’ partners for CRM, sales, risk management and other enterprise functions.

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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

Automation could replace 30 percent of jobs by 2030 and affect fully half of all jobs by then. Michael Praeger, CEO and co-founder of AvidXchange , said it’s past time to bring automation into the space to optimize invoice management and payment processes. Here’s how these startups are hastening the robots’ day. Chargehound.

Taxes 107
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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

Automation could replace 30 percent of jobs by 2030 and affect fully half of all jobs by then. Michael Praeger, CEO and co-founder of AvidXchange , says it’s past time to bring automation into the space to optimize invoice management and payment processes. Here’s how these startups are hastening the robots’ day. Chargehound.

Taxes 101