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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. ” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. The OCC on Oct.

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Chapter 11 Watch: Tough Times For Uniqlo, PacSun Gets Lucky

PYMNTS

Normally, the week’s headlines are filled with merchants stuck in a death spiral of slow sales and lackluster supply chain management. The retail giant has procured methods to accomplish the same task that Walmart EVP of Central Operations Mark Ibbotson described as a “cash recycler” machine. Bankruptcy.

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A bridge to affordable housing

Independent Banker

Earlier this year, the community bank was an anchor investor of patient capital in community housing access through the Austin Housing Conservancy Fund (AHC), a private equity fund owned and managed by the nonprofit Affordable Central Texas. Aileen McDonough is a writer in Connecticut.

Austin 91
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55 US Companies That Became Unicorns In 2018

CB Insights

Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. Select Investors: Y Combinator, Sequoia Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Wellcome Trust, GIC, SoftBank Group, DST Global. Valuation: $12B.

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PPP Lender Guidance Details How Borrowers Apply for a Second PPP Loan

Abrigo

Generally, receipts are considered “total income” (or in the case of a sole proprietorship, independent contractor, or self-employed individual “gross income”) plus “cost of goods sold,” and excludes net capital gains or losses as these terms are defined and reported on IRS tax return forms. Credit Risk Management. What's required.

Taxes 195
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What Shiny New Life Insurance Startups Can Learn From My Mistakes

Tech and Finance

Today, the ecosystem of startups, venture capital, reinsurers, and other players thinking about how to disrupt insurance is exploding. And they certainly don’t think they need to interact with it after they manage to get through the less than fun buying process. It’s been a year of challenges, accomplishments, and learning.

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Bridging Banking Gaps For Cannabis Companies

PYMNTS

The American Bankers Association has stated that “we believe the time has come for Congress and the regulatory agencies to provide greater legal clarity to banks operating in states where cannabis has been legalized for medical or adult use.”. It’s about small business loans, mortgages for facilities, and funding for capital improvements.

Company 170