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The Evolving State Of The Restaurant And Delivery Industries

PYMNTS

The 2020 outlook report from the National Restaurant Association illustrates an industry contending with the countercurrents of solid consumer spending and disruptive technology. 2019: The year students at George Mason University in Virginia and Northern Arizona University started getting food delivered by robots.

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Wealthy Entrepreneurs Turn To Pawn Shops To Start New Ventures

PYMNTS

The National Pawnbrokers Association pegs that at about $150, reports said. Luxury Asset Capital President and CEO Dewey Burke said the industry shift is also part of an effort to educate entrepreneurs about the financing opportunity they have. That’s simply not true. We also more often deal with business owners that are growing.”.

Virginia 142
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Bank Regulators Probe Amazon Cloud

PYMNTS

The Federal Reserve orchestrated an official investigation of an Amazon facility in Virginia, kicking off what is expected to be ongoing oversight of cloud providers, people familiar with the matter told The Wall Street Journal on Thursday (Aug 1). Amazon is the biggest player among the many tech firms that have become essential in the U.S.

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

There is good reason for this shift in view; according to Marc Bernegger, co-founder of crypto fund AltAlpha Digital, “after last year’s explosion of crypto hedge funds around the globe, there are now over 400 active funds, excluding those focused on venture capital.”

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Pier 1 Plans Sale As It Goes Bankrupt

PYMNTS

Bankruptcy Court in Richmond, Virginia. Wells Fargo National Association and Pathlight Capital LP will allow the company to operate while finalizing sales. The Fort Worth, Texas-based retailer franchise said it filed for chapter 11 protection Monday in U.S. The bankruptcy financing from lenders including Bank of America N.A.,

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Who Am I Really Negotiating With? Inside a Bank M&A Deal

American Banker

When Access National decided it wanted to buy Middleburg Financial in Virginia, it also wanted to talk to David Sokol, a major investor in Middleburg. It is an eye-catching example of how lone investors can control the outcome of community bank deals.

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Don't Bank. SoFi

Jeff For Banks

After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 billion in equity capital since its founding in 2011. billion in asset Union Bank & Trust in Virginia had $1.1 billion in equity capital, with a market capitalization close to book value.