PYMNTS
SEPTEMBER 14, 2020
The eCommerce retailer indicated that it has opened more than 75 new facilities, including regional air hubs, sortation centers and delivery stations, in the U.S. The six targeted cities – Detroit, Dallas, New York, Denver, San Diego and Phoenix – were to be part of an investment of over $1.4 and Canada this year.
South State Correspondent
JANUARY 4, 2023
Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital. Conclusion.
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American Banker
SEPTEMBER 28, 2016
Deutsche sells insurer: Deutsche Bank, which is under heavy pressure to raise capital, said Wednesday it sold its Abbey Life insurance unit to Phoenix Group Holdings for $1.22 Breaking News This Morning. The bank's stock, which hit a 33-year low earlier this week, as it faces a potential $14 billion penalty in the U.S.
PYMNTS
JUNE 29, 2016
The biggest growth regions for Thrive are in the midwest and southeast, far from the tech hubs that are usually the power center behind grocery and organic goods delivery services. Apart from their organic focus, Thrive works to appeal broadly to the specialty food demographic with GMO free, gluten-free and paleo-friendly offerings.
PYMNTS
JULY 13, 2016
RedKix put together a rather jaw-dropping seed round of $17 million that includes Salesforce Ventures, Wicklow Capital, SG VC, Oren Zeev, Ori Sasson (which was one of the first investors in VMware), and more. And also hopefully fully integrable with third-party services (think chatbots) in much the way Slack is pursuing.
CB Insights
JUNE 11, 2018
In addition to the Apollo platform, Baidu is dedicating significant capital to autonomous vehicle startups, all of which have joined the Apollo partnership alliance. Named Apollo Southeast Asia, the venture is meant to help Baidu gain a commercial foothold for autonomous vehicles in the Singapore region. in Frisco, Texas.
Gonzobanker
DECEMBER 20, 2019
The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!
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