article thumbnail

Analyst Insights: Two Banks that Deliver to Shareholders

Jeff For Banks

2/25 Past actions/decisions give the best insights into a management team's acumen, capabilities, willpower, and its pursuit of excellence.effort lol. 2/25 Past actions/decisions give the best insights into a management team's acumen, capabilities, willpower, and its pursuit of excellence.effort lol. Raised capital in late 2019.

Columbus 112
article thumbnail

Rover180 Acquires Vemity To Boost AI Capabilities

PYMNTS

Located in Indianapolis, Rover180 provides alternative supply chain finance and factoring programs. Rover180’s affiliate partner, FreightRover , has also signed on to offer Vemity’s AI platform to clients in its supply chain management technology suite.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

B2B Financing Firm FreightRover Reportedly Impacted By Celadon Fraud Scam

PYMNTS

The Indianapolis-based firm, which works to accelerate B2B payments to truck operators, apparently has removed its CEO and COO — the result of a financial accounting scandal at another trucking firm where FreightRover executives had worked. The problems reportedly stem not from FreightRover, but from Celadon Group Inc.,

Fraud 135
article thumbnail

Coronavirus Triggers Furloughs For Over 1K Workers At Simon-Owned Malls

PYMNTS

The furloughs affect employees at Simon’s Indianapolis headquarters as well as at its malls and outlets nationwide, a source familiar with the situation told CNBC. In addition, upper management salaries are being slashed by up to 30 percent. An unspecified number of workers were permanently laid off as well.

article thumbnail

Freight Firm Celadon Settles Accounting Fraud Claims

PYMNTS

Indianapolis-based freight trucking company Celadon Group has agreed to pay its investors $42.2 In addition, some of the company’s quality-management executives allegedly lied to independent auditors in early 2017. “We million after filing false financial statements and lying to auditors.

Fraud 108
article thumbnail

Instacart Delivery Coming To Half Of Sam’s Club Locations

PYMNTS

Now $600 million better capitalized, the grocery delivery service as of today (Oct. Markets included in Instacart’s larger footprint will include New Jersey, Indianapolis and Houston, among others, according to the company. It’s been a good week for Instacart.

article thumbnail

Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

For example, as reported by Forbes, auditor Grant Thornton wrote that “management believes” it can meet its financial obligations through February 2021. Orlando, Tempe, Cleveland, Philadelphia, Indianapolis, Pittsburgh, Chicago, Kansas City, Greensboro, Westminster (L.A.), Ontario (L.A.), Oklahoma City, and Memphis.

Company 130