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Metro Bank Founder Fully Resigns Amid Accounting Scandal

PYMNTS

The ongoing fallout from an accounting error at Metro Bank will now see Founder Vernon Hill completely exit the group after previously announcing he would remain on the board. “Vernon is the inspiration behind Metro Bank , the first high street bank to open in the U.K. Reports in The Guardian on Wednesday (Oct. 31, reports noted.

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Bitcoin Daily: China Debuts Blockchain-Backed Subway eInvoices; Bitcoin’s Crypto Market Majority On The Decline

PYMNTS

percent of the market’s total capitalization, falling to a low of 50.54 The invoice, which was issued at the Futian Station of the Shenzhen Metro, was developed by the Shenzhen Municipal Taxation Bureau with the help of Chinese tech giant Tencent , according to Coin Telegraph. percent on March 17. This is a pivotal moment for the U.K.,

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Shipt Gets $20 Million In Funding To Challenge Amazon, Google

PYMNTS

We seek to partner with capital-efficient businesses that are on rapid growth trajectories and look forward to working with Shipt and playing a role in the continued advancement of the company.”. Under CEO Bill Smith’s leadership, Shipt has quickly become a nationally recognized company in the home grocery delivery space.

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Community banks are thriving in Texas

Independent Banker

The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. The Houston metro took the 10th spot with a 20.3% increase, while the San Antonio metro, up 19.4%, ranked 12th. Capitalizing on an area’s growing popularity.

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High-Profile — But Secretive — Funding For B2B FinTechs

PYMNTS

For startups, 2016 wasn’t the best year in venture capital. VCs used 2016 to manage costs, set priorities and valuations,” explained Rahul Khanna, managing partner at Trifecta Capital, in an interview with Business Standard published Wednesday (Dec. They need to manage the burn, drift and cut losses.”. and the U.S. Alt-Lending.

Fintech 100
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Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Silvergate Capital Corporation (NYSE: SI) Here we are again. Silvergate had $150 million in total revenue over the past twelve months, and has a market capitalization of $4.7 Live Oak Bancshares, Inc.

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Community Banking According to Andy

Jeff For Banks

He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. 2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area.