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Morning Scan: BofA's Stress Test Team; Hedge Funds Sue Puerto Rico GDB

American Banker

The Charlotte, N.C., BofA has fallen short on the test three of the past five years, and the bank has opted this year to employ a manager, not a numbers cruncher, to lead the team working to satisfy the complicated and controversial post-crisis regulation. firm was the…

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The eCommerce Bachelor: Which City Will Get The Rose?

PYMNTS

Puerto Rico. The economic development agency’s top official, Manuel Laboy, said Puerto Rico wanted to show it could bounce back from the hurricane. Charlotte, North Carolina. Charlotte has promised to not only create a new holiday for Amazon — it will even commend the holiday’s observance to all citizens.

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Hurricane Florence’s Retail Punch

PYMNTS

Though not expected to be as damaging as the hurricane run that ripped through Texas, Florida and Puerto Rico last year, Hurricane Florence is expected to deal $700 million worth of net negative impact on the U.S. A bad one — bad enough, in fact, to be this week’s biggest fizzle.

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