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We are proud to announce that the Perficient’s Chicago office has been named a 2020 Best and Brightest Company to Work For ! Our Chicago office has earned this award several times over the past few years. The Chicago team celebrating their Best and Brightest Award win in 2019. MORE
Sterling Bay, a Chicago developer, is throwing in a sports and concert stadium into its proposal for Amazon’s second U.S. According to a news report in the Chicago Tribune , the developer’s Lincoln Yards project includes the ability for Amazon to have a stadium at its headquarters. The city asked us for our boldest ideas on Amazon’s HQ2, and that’s what we did at Lincoln Yards,” Sterling Bay managing principal Andy Gloor said in an email to the Chicago Tribune. MORE
Chicago Municipal Employees Credit Union's 48-month Share Certificate has competitive rates for three balance tiers of $25k, $10k and $1k MORE
is expanding in Chicago as it targets both brick-and-mortar and online expansion. According to Chain Store Age , the fashion retailer will open a flagship on Rush Street in Chicago this fall. ” Retail Aritzia canada Chicago fashion fashion retailer usCanada’s Aritzia Inc. The Vancouver, British Columbia–based company already operates a store in the Windy City, at Water Tower Place. MORE
Amid the pandemic, brick-and-mortar-less restaurants have rapidly grown from a relatively niche concept to a widely adopted solution to changes in the industry. MORE
Meanwhile, the Chicago City Council is gearing up to consider a moratorium on doing any bond-related business with Wells Fargo as well. Banking Chicago fake account scandal Illinois News wells fargo What's HotThe Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond and investment work with Wells Fargo. MORE
Four former employees and several clients of Washington Federal Bank for Savings face charges of falsifying records to conceal the embezzlement of $31 million prior to the bank's December 2017 collapse. Litigation Fraud Failures MORE
Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly misappropriated $2 million in bitcoin and litecoin, the United States Department of Justice said in a press release. Kim had worked for Consolidated Trading LLC, which recently formed a cryptocurrency group. MORE
Ride-hailing giant Uber and prescription delivery firm Nimble have expanded their partnership to launch on-demand delivery services in Chicago, IL, and Atlanta, GA, as announced in a press release on Thursday (March 25). MORE
Daimler’s car-sharing service Car2go was shut down temporarily Thursday (April 18) in Chicago after a slew of Mercedes-Benz cars were stolen by using the app. According to a report in TechCrunch , the Chicago Police were notified that some of the vehicles used for the Car2go program may have been fraudulently rented through the mobile app with the cars used to commit other crimes. MORE
The Chicago Bears are giving those who have season tickets the choice to be reimbursed and retain the capacity to renew tickets for next year’s season, 5Chicago reported, citing a letter from the team. Coronavirus Chicago Bears Football News NFL refunds reimbursements Retail sports tickets MORE
The Amazon Go store is getting ready to expand into San Francisco and Chicago. We plan to open Amazon Go in Chicago and San Francisco,” said an Amazon spokesperson, who didn’t have information about other cities where the store might launch. The first cashierless Amazon Go store opened in January in Seattle after being in development for five years. It’s located on the ground floor of the eCommerce giant’s new headquarters. MORE
Sephora is expanding its Beauty TIP Workshop store format to Chicago — with some fancy new high tech flourishes added. Considering that the new Chicago location features some 13,000 products to play with in their interactive environment — actually a lot. The beauty brand currently has similar locations in Boston, San Francisco and Toronto. MORE
But for Replay Lincoln Park , a popular arcade-bar in Chicago, the forthcoming eighth and final season of “Game of Thrones” is more than an opportunity to sell some Arbor Gold and Fire & Blood beer (the officially licensed “Game of Thrones” beers brewed by Ommegang Brewery). “Game of Thrones” has no difficulty driving viewership. HBO’s sprawling epic fantasy series started out with a relatively small audience when it premiered in April of 2011 — about 2.2. MORE
Amazon is dominating in the eCommerce world, but that doesn’t mean it doesn’t see value in physical store fronts, with the eCommerce retailer gearing up to open up an offline store in Chicago’s Lakeview neighborhood. In a report by Chicago Tribune , Amazon spokeswoman Deborah Bass confirmed in an email it is bringing an offline bookstore, dubbed Amazon Books, to Southport in Chicago. MORE
Illinois M&A Commercial lending Commercial banking MORE
As grocers ramp up their digital offerings, Meijer is gearing up to launch a self-scanning mobile app in the Chicago area that allows shoppers to scan their purchases throughout the store and check out at a dedicated counter. But shoppers will still have the option of a traditional checkout experience, The Chicago Tribune reported. Meijer Spokesman Frank Guglielmi told The Chicago Tribune , “We want our shoppers to shop the store the way they want.”. MORE
Crime and misconduct Mortgages C-suite Financial crimes DoJ Federal Savings Bank of ChicagoStephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move. MORE
Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers. Strengthening that team and shepherding in the next era of growth for Uber Freight will be our priority in Chicago. MORE
De novo institutions Small business lending Women in Banking MORE
Chicago is more than just the place the Chicago Cubs and Bulls call home. Bubbling under the surface of Chicago lies an up-and-coming tech center. Given that many large cities in the United States have increasingly become places for tech startups, it’s natural to see Chicago as one of the next tech centers. Before we jump into the post, here are a few quick facts about Chicago and its tech scene: . Chicago’s population is 2,720,546 (2015). MORE
Target has announced it is opening additional small-scale stores in New York City (NYC) and Chicago. In 2016, the company announced it had opened 23 “flex-format” stores — smaller stores less than 50,000 square feet designed for urban shoppers — in metro areas like Chicago, Philadelphia and Berkeley, California. In addition, another small-format store in Chicago’s Wicker Park neighborhood will open this summer. MORE
A vote in Chicago this week could decide if Uber and Lyft will continue to operate there, as the vote from the full city council will determine whether or not ride-sharing firms will have to comply with the same types of regulations city-licensed taxi drivers are forced to. The so-called “Rideshare Reform” rules have already passed a subcommittee of the Chicago City Council as of Friday, with the full vote scheduled for tomorrow. Retail Chicago Lyft Uber MORE
Digital currency exchange Coinbase has shuttered its Chicago office and laid off 30 engineers, according to a report in Fortune. We have made the difficult decision to consolidate the matching engine efforts and thus wind down the matching engine team in Chicago. We will look to relocate a small number of Chicago-based matching engine employees to San Francisco,” said the company. Cryptocurrency bitcoin Chicago coinbase cryptocurrency Layoffs News trading What's Hot MORE
Daimler’s car-sharing service car2go was shut down temporarily Thursday (April 18) in Chicago after a slew of Mercedes-Benz cars were stolen by using the app. According to a report , the Chicago Police Department was notified that some of the vehicles used for the car2go program may have been fraudulently rented through the mobile app, and the cars were used to commit other crimes. The Chicago Police Department confirmed the theft and said the investigation was continuing. MORE
Diversity and equality Redlining Mortgages Enforcement actions Enforcement Nonbank CFPB City of Chicago, IL Race discrimination MORE
The operation will employ 1,000 people in a predominantly Black community. The move is part of the city's push to create job opportunities beyond the downtown area. Diversity and equality Discover Credit cards MORE
Illinois M&A Community banks MORE
Steak 48, a Chicago-based steakhouse, is embracing mobile wallet applications from China by adding WeChat Pay to the platforms it accepts after previously adding UnionPay MORE
The widely watched Chicago Purchasing Managers Index fell to 32.3 All in all, the Index – which is also known as the Chicago Business Barometer – hit a 40-year low in May and marked its ninth consecutive month of a sub-50 reading, which indicates contraction. MORE
The program is a pilot that will come at zero cost to Chicago taxpayers. In terms of the tech business in Chicago, it calls itself a “living lab” within which GCBA can explore certain issues. Hany Fam, EVP of Mastercard enterprise partnerships, said Mastercard applauds “the City of Chicago for pioneering a ‘living lab’ – as an optimized interaction between cities and their tech sectors can help drive inclusive growth and a better quality of life.”. MORE
As Lululemon looks to compete with Amazon and differentiate itself, the fitness apparel retailer is opening a massive store in Chicago. The location, which is in the city’s Lincoln Park neighborhood, is 20,000 square feet, CNBC reported. The store features workout studios, a restaurant, and so-called one-of-a-kind merchandise. MORE
According to Venture Beat , the Chicago store is located at 113 S. Amazon Go has launched another store, this time in the Windy City. Franklin Street, and offers standard convenience store fare that includes breakfast, lunch and dinner meal kits and hot food. The location will only be open on weekdays from 7 a.m. to 8 p.m. This is the fourth Go store and the first to open outside of Amazon’s hometown of Seattle. MORE
Accounts receivable automation firm Billtrust announced that it is expanding its presence in Chicago. Chicago has been an incredible host to Billtrust, and we are thrilled to be growing our team there,” Billtrust CEO Flint Lane said in the announcement. “We’ve Payment Methods accounts receivable B2B Payments Billtrust Chicago News What's HotDue to its rapid growth, the firm is moving its office to the 28th floor of 125 South Wacker Drive. MORE
Although ride-hailing companies like Uber and Lyft strive to keep pricing strategies secret, a Chicago law requires the disclosure of fare data, Reuters reported on Tuesday (Nov. Via , a smaller ride-hailing rival in Chicago, has about 1 percent of the city’s market share. “In MORE
Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed. The Minneapolis-based regional bank currently has more than 3,000 bank branches in 26 states, but it is looking to reduce […]. Exclusive Premium Retail Banking branches JPMorgan Chase US Bank Wells Fargo MORE
Chicago Related Topics PYMNTS
NOVEMBER 26, 2019
Although ride-hailing companies like Uber and Lyft strive to keep pricing strategies secret, a Chicago law requires the disclosure of fare data, Reuters reported on Tuesday (Nov. Via , a smaller ride-hailing rival in Chicago, has about 1 percent of the city’s market share. “In
PYMNTS
MAY 29, 2020
The widely watched Chicago Purchasing Managers Index fell to 32.3 All in all, the Index – which is also known as the Chicago Business Barometer – hit a 40-year low in May and marked its ninth consecutive month of a sub-50 reading, which indicates contraction.
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PYMNTS
APRIL 23, 2019
Digital currency exchange Coinbase has shuttered its Chicago office and laid off 30 engineers, according to a report in Fortune. We have made the difficult decision to consolidate the matching engine efforts and thus wind down the matching engine team in Chicago. We will look to relocate a small number of Chicago-based matching engine employees to San Francisco,” said the company. Cryptocurrency bitcoin Chicago coinbase cryptocurrency Layoffs News trading What's Hot
PYMNTS
MARCH 24, 2017
Chicago is more than just the place the Chicago Cubs and Bulls call home. Bubbling under the surface of Chicago lies an up-and-coming tech center. Given that many large cities in the United States have increasingly become places for tech startups, it’s natural to see Chicago as one of the next tech centers. Before we jump into the post, here are a few quick facts about Chicago and its tech scene: . Chicago’s population is 2,720,546 (2015).
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PYMNTS
OCTOBER 1, 2019
Accounts receivable automation firm Billtrust announced that it is expanding its presence in Chicago. Chicago has been an incredible host to Billtrust, and we are thrilled to be growing our team there,” Billtrust CEO Flint Lane said in the announcement. “We’ve Payment Methods accounts receivable B2B Payments Billtrust Chicago News What's HotDue to its rapid growth, the firm is moving its office to the 28th floor of 125 South Wacker Drive.
PYMNTS
JULY 2, 2020
The Chicago Bears are giving those who have season tickets the choice to be reimbursed and retain the capacity to renew tickets for next year’s season, 5Chicago reported, citing a letter from the team. Coronavirus Chicago Bears Football News NFL refunds reimbursements Retail sports tickets
PYMNTS
SEPTEMBER 18, 2018
According to Venture Beat , the Chicago store is located at 113 S. Amazon Go has launched another store, this time in the Windy City. Franklin Street, and offers standard convenience store fare that includes breakfast, lunch and dinner meal kits and hot food. The location will only be open on weekdays from 7 a.m. to 8 p.m. This is the fourth Go store and the first to open outside of Amazon’s hometown of Seattle.
PYMNTS
APRIL 18, 2019
Daimler’s car-sharing service car2go was shut down temporarily Thursday (April 18) in Chicago after a slew of Mercedes-Benz cars were stolen by using the app. According to a report , the Chicago Police Department was notified that some of the vehicles used for the car2go program may have been fraudulently rented through the mobile app, and the cars were used to commit other crimes. The Chicago Police Department confirmed the theft and said the investigation was continuing.
PYMNTS
FEBRUARY 16, 2021
Amid the pandemic, brick-and-mortar-less restaurants have rapidly grown from a relatively niche concept to a widely adopted solution to changes in the industry.
American Banker
JULY 15, 2020
Diversity and equality Redlining Mortgages Enforcement actions Enforcement Nonbank CFPB City of Chicago, IL Race discrimination
PYMNTS
MARCH 25, 2021
Ride-hailing giant Uber and prescription delivery firm Nimble have expanded their partnership to launch on-demand delivery services in Chicago, IL, and Atlanta, GA, as announced in a press release on Thursday (March 25).
|
PYMNTS
MAY 15, 2017
is expanding in Chicago as it targets both brick-and-mortar and online expansion. According to Chain Store Age , the fashion retailer will open a flagship on Rush Street in Chicago this fall. ” Retail Aritzia canada Chicago fashion fashion retailer usCanada’s Aritzia Inc. The Vancouver, British Columbia–based company already operates a store in the Windy City, at Water Tower Place.
PYMNTS
SEPTEMBER 9, 2019
Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers. Strengthening that team and shepherding in the next era of growth for Uber Freight will be our priority in Chicago.
PYMNTS
SEPTEMBER 16, 2016
The program is a pilot that will come at zero cost to Chicago taxpayers. In terms of the tech business in Chicago, it calls itself a “living lab” within which GCBA can explore certain issues. Hany Fam, EVP of Mastercard enterprise partnerships, said Mastercard applauds “the City of Chicago for pioneering a ‘living lab’ – as an optimized interaction between cities and their tech sectors can help drive inclusive growth and a better quality of life.”.
Payments Source
MARCH 4, 2021
The operation will employ 1,000 people in a predominantly Black community. The move is part of the city's push to create job opportunities beyond the downtown area. Diversity and equality Discover Credit cards
PYMNTS
JULY 11, 2019
As Lululemon looks to compete with Amazon and differentiate itself, the fitness apparel retailer is opening a massive store in Chicago. The location, which is in the city’s Lincoln Park neighborhood, is 20,000 square feet, CNBC reported. The store features workout studios, a restaurant, and so-called one-of-a-kind merchandise.
PYMNTS
OCTOBER 30, 2017
Sterling Bay, a Chicago developer, is throwing in a sports and concert stadium into its proposal for Amazon’s second U.S. According to a news report in the Chicago Tribune , the developer’s Lincoln Yards project includes the ability for Amazon to have a stadium at its headquarters. The city asked us for our boldest ideas on Amazon’s HQ2, and that’s what we did at Lincoln Yards,” Sterling Bay managing principal Andy Gloor said in an email to the Chicago Tribune.
PYMNTS
APRIL 4, 2018
Target has announced it is opening additional small-scale stores in New York City (NYC) and Chicago. In 2016, the company announced it had opened 23 “flex-format” stores — smaller stores less than 50,000 square feet designed for urban shoppers — in metro areas like Chicago, Philadelphia and Berkeley, California. In addition, another small-format store in Chicago’s Wicker Park neighborhood will open this summer.
BankDeals
AUGUST 12, 2020
Chicago Municipal Employees Credit Union's 48-month Share Certificate has competitive rates for three balance tiers of $25k, $10k and $1k
Bank Innovation
JUNE 6, 2019
Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed. The Minneapolis-based regional bank currently has more than 3,000 bank branches in 26 states, but it is looking to reduce […]. Exclusive Premium Retail Banking branches JPMorgan Chase US Bank Wells Fargo
PYMNTS
MARCH 5, 2019
But for Replay Lincoln Park , a popular arcade-bar in Chicago, the forthcoming eighth and final season of “Game of Thrones” is more than an opportunity to sell some Arbor Gold and Fire & Blood beer (the officially licensed “Game of Thrones” beers brewed by Ommegang Brewery). “Game of Thrones” has no difficulty driving viewership. HBO’s sprawling epic fantasy series started out with a relatively small audience when it premiered in April of 2011 — about 2.2.
American Banker
JULY 16, 2021
De novo institutions Small business lending Women in Banking
PYMNTS
MAY 15, 2018
The Amazon Go store is getting ready to expand into San Francisco and Chicago. We plan to open Amazon Go in Chicago and San Francisco,” said an Amazon spokesperson, who didn’t have information about other cities where the store might launch. The first cashierless Amazon Go store opened in January in Seattle after being in development for five years. It’s located on the ground floor of the eCommerce giant’s new headquarters.
PYMNTS
FEBRUARY 16, 2018
Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly misappropriated $2 million in bitcoin and litecoin, the United States Department of Justice said in a press release. Kim had worked for Consolidated Trading LLC, which recently formed a cryptocurrency group.
American Banker
JULY 26, 2021
Illinois M&A Community banks
Perficient
JULY 8, 2020
We are proud to announce that the Perficient’s Chicago office has been named a 2020 Best and Brightest Company to Work For ! Our Chicago office has earned this award several times over the past few years. The Chicago team celebrating their Best and Brightest Award win in 2019.
PYMNTS
OCTOBER 5, 2016
Meanwhile, the Chicago City Council is gearing up to consider a moratorium on doing any bond-related business with Wells Fargo as well. Banking Chicago fake account scandal Illinois News wells fargo What's HotThe Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond and investment work with Wells Fargo.
PYMNTS
AUGUST 29, 2016
Amazon is dominating in the eCommerce world, but that doesn’t mean it doesn’t see value in physical store fronts, with the eCommerce retailer gearing up to open up an offline store in Chicago’s Lakeview neighborhood. In a report by Chicago Tribune , Amazon spokeswoman Deborah Bass confirmed in an email it is bringing an offline bookstore, dubbed Amazon Books, to Southport in Chicago.
American Banker
MARCH 1, 2021
Four former employees and several clients of Washington Federal Bank for Savings face charges of falsifying records to conceal the embezzlement of $31 million prior to the bank's December 2017 collapse. Litigation Fraud Failures
PYMNTS
APRIL 18, 2018
As grocers ramp up their digital offerings, Meijer is gearing up to launch a self-scanning mobile app in the Chicago area that allows shoppers to scan their purchases throughout the store and check out at a dedicated counter. But shoppers will still have the option of a traditional checkout experience, The Chicago Tribune reported. Meijer Spokesman Frank Guglielmi told The Chicago Tribune , “We want our shoppers to shop the store the way they want.”.
American Banker
JANUARY 13, 2020
Crime and misconduct Mortgages C-suite Financial crimes DoJ Federal Savings Bank of ChicagoStephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move.
PYMNTS
APRIL 18, 2019
Daimler’s car-sharing service Car2go was shut down temporarily Thursday (April 18) in Chicago after a slew of Mercedes-Benz cars were stolen by using the app. According to a report in TechCrunch , the Chicago Police were notified that some of the vehicles used for the Car2go program may have been fraudulently rented through the mobile app with the cars used to commit other crimes.
PYMNTS
JUNE 21, 2016
A vote in Chicago this week could decide if Uber and Lyft will continue to operate there, as the vote from the full city council will determine whether or not ride-sharing firms will have to comply with the same types of regulations city-licensed taxi drivers are forced to. The so-called “Rideshare Reform” rules have already passed a subcommittee of the Chicago City Council as of Friday, with the full vote scheduled for tomorrow. Retail Chicago Lyft Uber
PYMNTS
AUGUST 29, 2016
Sephora is expanding its Beauty TIP Workshop store format to Chicago — with some fancy new high tech flourishes added. Considering that the new Chicago location features some 13,000 products to play with in their interactive environment — actually a lot. The beauty brand currently has similar locations in Boston, San Francisco and Toronto.
American Banker
JUNE 1, 2021
Illinois M&A Commercial lending Commercial banking
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