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Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

PYMNTS

Taylor also previously worked at Capital One, Chase Manhattan Bank and JPMorgan. She graduated from Spelman College and earned her MBA from The Wharton School at the University of Pennsylvania. Her first day will be Aug. 26, and she will be based in New York City. Last month, Wells Fargo also added four new executives to its roster.

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Widening Borrower Protection’s Scope To SMBs

PYMNTS

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “We have seen small businesses destroyed by online lending.” ” Knowing Their Options. . ” Knowing Their Options.

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Community Banks Debut FinTech Alliance

PYMNTS

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” This time around, Sweetbridge is using blockchain in a lending context.

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When FinTechs Compete, Banks Can Also Win

PYMNTS

“Disruptive FinTech startups not long ago were thought to threaten important revenue streams of even the biggest financial institutions,” reads a report released in late April by the Wharton School of the University of Pennsylvania. But they are now pursuing business models based on collaboration with banks or even being acquired by them.”.

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Top 5 Total Return to Shareholders: #3 ESB Financial Corporation

Jeff For Banks

The rest of this post goes to our number 3 bank: #3: ESB Financial Corporation (Nasdaq: ESBF) of Ellwood City, Pennsylvania ESB started in 1915 as the Ellwood Federal Savings and Loan in Ellwood City. ESB does traditional mortgage lending, with some commercial real estate too, funded by retail deposits with a heavy dose of CDs.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion. HQ: Philadelphia, Pennsylvania. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Social media financial compliance specialist Gremln raised $1.4

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

The housing bubble bursting that same year had the opposite effect and various penalties and real estate losses relating to Countrywide’s lending practices ended up costing BofA about $40B, all told. In 2007, Daimler sold off 80% of Chrysler to Cerberus Capital Management for $7B. New York Central and Pennsylvania Railroad.

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