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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan. But apparently they’re doing something right in Philadelphia.

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Republic First got a hand up from investors. Is it out of the woods?

American Banker

A $35 million capital bump from a once-hostile investor group may have helped the Philadelphia bank avoid collapse. Still, it reported $30 million of quarterly operating losses and heavy securities risk in a recently filed call report.

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Prosecutors Target Loosely-Regulated Business Lending Sector

PYMNTS

The network said recent government actions against players in the industry include a July 28 FBI raid and related Securities and Exchange Commission lawsuit against Par Funding of Philadelphia; a Federal Trade Commission (FTC) suit against RCG Advances of New York; and an FTC suit against Yellowstone Capital of New York — have been sued by the Federal (..)

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Ex-Capital One Analyst To Pay $13.5M For Insider Trading

PYMNTS

That’s the finding of a federal court in Philadelphia on the actions of a former credit card fraud analyst for Capital One, Reuters reported. Securities and Exchange Commission found that Huang had used data kept private by his company to trade in public markets and make approximately $4.4 2015 for a total sum of $4.7

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Mobile Health Benefit Platform Accolade Seeks IPO, Has $620M Valuation

PYMNTS

Health tech startup Accolade , with headquarters in Seattle and Philadelphia, filed with the Security and Exchange Commission (SEC) to raise $100 million for an initial public offering (IPO) on Friday (Feb. Lead book-running managers for the IPO included Goldman Sachs, Morgan Stanley and BofA Securities.

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FinTech Acquisition Scores CardConnect Deal Before Money Dries Up

Bank Innovation

The Philadelphia-based company announced yesterday it would acquire CardConnect, a payments processing platform. CardConnect is currently majority owned by FTV Capital, a growth equity investor in payments companies. FinTech Acquisition Corp., created to acquire a fintech company, has fulfilled its mission. FinTech Acquisition Corp.

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Equifax Silent On Earnings Date

PYMNTS

After a massive security breach that leaked the personal information of 145.5 Securities and Exchange Commission, when it will then have 40 days after the close of a quarter to report its financials to investors. Earlier this month, following another security issue with Equifax’s website, the U.S.