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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

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The Limited: Out With Stores, In With eCommerce

PYMNTS

28, the Limited brand filed a WARN notice with the Ohio Department of Job and Family Services, which included a statement that “a mass layoff” — up to 248 employees — will occur and that its headquarters may be closing in New Albany, Ohio. However, it’s not clear how long the retailer will continue to sell items online.

Ohio 100
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The Limited Brand’s Days Could Be Limited

PYMNTS

28, the Limited brand filed a WARN notice with the Ohio Department of Job and Family Services, which included a statement that “a mass layoff” — up to 248 employees — will occur and that its headquarters may be closing in New Albany, Ohio. The letter was also sent to the company’s employees.

Ohio 100
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How the PPP + Technology Means MBL Growth and More for Credit Unions

Abrigo

Indeed, with in-person contact between members and staff prohibited by stay-at-home orders during the pandemic, credit unions relied on online loan applications to collect information from the deluge of prospective borrowers who sought funds in the first round of PPP funding. Capitalize on growth opportunities with new members.

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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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Paya Acquisition Aims To Solve City Hall’s Paper (Billing) Chase

PYMNTS

8) that it had acquired First Billing Services , a billing processor based in Ohio that focuses on municipalities and utilities. Moving forward, Paya said, the firm will provide capital and resources to accelerate First Billing’s technology offerings, and support the latter’s “rapidly growing” customer base.

Software 158
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The 31 European Unicorns Ranked By Valuation

CB Insights

Company Description: Founded in 2012, this Berlin-based company runs an online used car exchange via a family of sites such as Auto1.com, Select Investors: DST Global, DN Capital, SoftBank Group. Old Mutual Global Investors, Artemis Investment Management. Select Investors: Rhone Capital. OttoBock Healthcare. NuCom Group.

Groups 76