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JP Morgan boss ‘regrets’ making joke about Chinese Communist party

TheGuardian

Speaking at an event in Boston, Massachusetts, on Tuesday, Jamie Dimon referred to the fact that the bank began operating in China in 1921, the same year as the Communist party. Continue reading.

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The community banks standing by hospitality customers

Independent Banker

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. The bank also helped hotel operators obtain Paycheck Protection Program (PPP) loans. Photo: R.J. billion-asset, family-owned community bank.

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. This newfound friction is the result of the City of Boston passing a bill that bans plastic bags and gives merchants the right to charge for ones made of paper. Soon, consumers in many states in the U.S. The Ban on the Ban.

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Why One Startup Is Desperately Seeking Regulation

PYMNTS

These days, however, Uber is spending its time, increasingly, in court and has even managed to allow things to break down completely in Austin such that it doesn’t operate there anymore. Said charter will mean that Circle will face tighter scrutiny but great ease operating on a national scale.

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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

Their loan requests, according to court documents, were made to pay employees for a business that was not operating at the time of pandemic and had no salaried employees. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. In one instance, the business was not even owned by one of the borrowers.

Lending 195
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The Ever-Widening, Eye-Opening OmniReadi Gap

PYMNTS

To compile the index, researchers in Boston; Chicago; Charlottesville, Virginia; and Seattle shopped merchants across three channels: web, app, and in-store. The scores of the Index range from 0-100, with 0 referring to the worst omnireadi capability and 100 referring to the ultimate omnireadiness of a merchant.

Virginia 102
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Bringing “The Next Big Thing” To A New Group Of Consumers

PYMNTS

Operating in concert with Mastercard and Neiman Marcus, the store will offer a range of items segmented into three categories relating to the magazine’s three core areas: @work, @play and @peak. Some people shop seasonally, but the Marie Claire customer is what Berger jokingly referred to as “a shopper extraordinaire.”. And physical.

Groups 158