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Chicago Purchasing Managers Index Tumbles To 38-Year Low

PYMNTS

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. Meanwhile, the new orders component eased 2.3 Another 22.9

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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.

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Sageworks to host 2015 Risk Management Summit in Chicago

Abrigo

Following three successful years in Nashville, Tennessee, the 2015 Risk Management Summit heads to a new city this September. Bank and credit union executives and leading industry experts will convene September 23-25 in Chicago, Illinois, for the premier banking conference covering the ALLL and stress testing. Blog Bank Credit Union'

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Tech Center: Chicago On Deck

PYMNTS

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.

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Chicago Developer Tries To Lure Amazon With Its Own Stadium

PYMNTS

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.

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Amazon Go To Expand To San Francisco And Chicago

PYMNTS

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. It’s located on the ground floor of the eCommerce giant’s new headquarters.

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Plugging leaks: Bento for Business uses tech to help clients streamline payments

Bank Innovation

As consumer payments go digital, startups and banks now are focusing on digitizing business-to-business payments, an area where small business owners still are reliant on paper checks and a multitude of expense-management tools.

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