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Retail Crisis In U.S., U.K. A Fizzle For 2020?

PYMNTS

Looking past the cheerful numbers tied to holiday shopping and the tens of billions of dollars spent on Black Friday, Cyber Monday and into Christmas, the decline of retail, at least the traditional retail model, continues into the new year, and across oceans. The retail sector is among the largest employers in the U.K.,

Retail 131
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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

“Ernest Chew, who heads the British lender’s capital goods and automotive investment banking team in the region, will join Carro as its chief financial officer in February,” the news service said, citing unnamed sources. And BMW is hardly alone: Cadillac launched a car subscription concierge service of cars and SUVs last year called BOOK.

Nashville 130
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Coachella By The Numbers Looks More Like Cashella

PYMNTS

million just in taxes from ticket sales, comprising 5 percent of the city’s general fund, while its overall economy enjoys a $106 million boost thanks to the festivals. However, there are only about 16,000 hotel rooms in the region and 125,000 concertgoers who need a place to sleep. The nearby city of Indio takes in $3.18

Las Vegas 102
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Mr. Bank Investor, I Have Two Questions

Jeff For Banks

Prior to Wellington, he was a US regional bank analyst with Lehman Brothers and Bear Stearns. Another that operates above a 15% ROE operates in a state that investors hate and therefore won't buy the stock much above 115% of tangible book value. He currently serves on the board of Bermudian bank The Bank of N.T.

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Bankers: If We're Serious About Helping Clients, What About These Two Products?

Jeff For Banks

Which is becoming more challenging for the community financial institution due to heavy competition from money center and super-regional banks, credit unions, and fintech firms. No, I think community financial institutions should develop a solid strategy for retail banking. My focus today is on consumer banking. Do we cede the field?

Retail 60
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The Election That Misplaced Small Businesses

PYMNTS

Trade has been a big topic of conversation on the campaign trail, as have debt, taxes, wages, immigration and monetary policy. Businesses were not only unhappy to be facing the problem, but many owners across regions and political affiliations also noted marked discontent with the invisibility of the issue.

Taxes 50
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Community banks are thriving in Texas

Independent Banker

This region has the kind of energy that draws people to a place and helps them and their businesses thrive. Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon.

Texas 182