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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

“Ernest Chew, who heads the British lender’s capital goods and automotive investment banking team in the region, will join Carro as its chief financial officer in February,” the news service said, citing unnamed sources. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Ford Retreat.

Nashville 130
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Sales Were Up, Foot Traffic Was Too — But Lowe’s Disappointed Investors

PYMNTS

Given the rapidly evolving competitive landscape, we are also accelerating our strategic investments, leveraging the benefits of tax reform.”. Although the retailer’s revenue number was a beat, it still represents a year-over-year decline of about 2 percent — Lowe’s just declined less than analysts were expecting. tax reform.

Nashville 100
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2021 GonzoBanker Awards

Gonzobanker

Randy Stevens , CEO , First Farmers and Merchants Bank , Nashville TN. With large banks, including Ally and Capital One, officially doing away with overdraft fees, banks and credit unions will have to decide how they want to handle the new reality. Man, this is the bread and butter of retail banking and credit unions.

Fintech 147
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11 Lessons From Startup Chapter 11s

CB Insights

The marketplace blended crowdsourcing and social media to create hype around new inventions; help inventors find partners, funding, and manufacturing resources; and sell their gadgets to major nationwide retailers such as Home Depot and Target. The company expanded too aggressively in its early years. Declared Bankruptcy: 2018.

Apple 78