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Top News In Payments: Chinese Tech Sector Faces Capital Crunch; US Prepares For Potential Iranian Cyberattack

PYMNTS

In today’s top news, China is facing a “capital winter” of venture funding slowdown, the U.S. Chinese Tech Sector Faces Capital Crunch. China is facing a “capital winter” — a significant funding slowdown and drop in fundraising activities — after a venture capital boom and fall. billion ($2.5

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CA College Student Accuses TikTok Of Illicit Data Harvesting

PYMNTS

Some of TikTok’s investors, like Sequoia Capital and SoftBank Group, believe continued growth in the U.S. Still, last month, there were reports that the company was looking to distance itself from its Chinese roots, with advisors and employees coming up with suggestions for rebranding strategies.

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OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

Perficient

Capital One, National Association. Capital One Bank (USA). Examination. Outstanding. Large Bank. Guaranty Bank & Trust, National Association. Satisfactory. Large Bank. Modern Bank, National Association. Outstanding. Wholesale Bank. Glen Allen. Glen Allen. Outstanding. Limited Purpose Bank. Universal Bank. West Covina. Outstanding.

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Lyft IPO Oversubscribed, Could Reap $1B In CA Taxes

PYMNTS

California could receive “$1 billion or more” from the capital gains taxes on the IPO’s stock sales. “We However, it isn’t known how oversubscribed it is, and the sources added that the IPO price has yet to be determined. Lyft and its investors aren’t the only ones that will benefit from the IPO.

Taxes 101
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Risk of Derivatives – The Fall of an Index

South State Correspondent

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. There are many historical examples of some sophisticated and some less sophisticated entities imploding from the risk of derivatives.

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Newly Funded Feather Brings Furniture Subscription To LA

PYMNTS

The company raised $12 million in a Series A funding round, led by Spark Capital, with participation from Kleiner Perkins, Bain Capital Ventures, Y Combinator and Fuel Capital, to name a few. Feather said it will use the new funding to expand its west coast presence into Los Angeles and Orange County, CA.

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Which are America's healthiest credit unions?

Abrigo

The ratio gauges a financial institution’s ability to cover its bad debts with its total capital and allowances. Texas Ratio is a key performance indicator in the banking industry, used to assess an individual credit union’s health as it relates to credit quality.

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