Remove Cleveland Remove Management Remove National Remove Retail
article thumbnail

Rocket Mortgage Parent Plans $3.3B IPO

PYMNTS

Gilbert, who also owns the National Basketball Association (NBA) team the Cleveland Cavaliers , controls 79 percent of the voting power for the company’s common stock. According to Rocket Companies, which describes itself as the biggest retail mortgage lender in the U.S., His net worth is sitting at $7.8

Cleveland 140
article thumbnail

Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. For example, as reported by Forbes, auditor Grant Thornton wrote that “management believes” it can meet its financial obligations through February 2021. In 2019, we increased GPU by $750. Ontario (L.A.),

Company 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News

PYMNTS

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. The plan is to fully integrate the cloud-based processing solutions of PayWorks with Visa’s CyberSource digital payment management platform and large acquirer base. and closed at $204.87.

Cleveland 128
article thumbnail

How The NBA, NHL And NFL (But Not The MLB) Plan To Come Off The Bench Following COVID-19

PYMNTS

Thus, the season is already over for Atlanta, Charlotte, Chicago, Cleveland, Detroit, Golden State, Minnesota and New York. The National Hockey League (NHL) is committed to returning to play, but its plan for full reopening remains fluid. 1 rather than the usual October. The seeding game will determine which teams get playoff berths.

New York 132
article thumbnail

ORACLE: Swinging the Bat in Cloud Services

Celent Banking

My primary motivation for attending OpenWorld was to get an update on Oracle's two banking platforms — the new flagship Oracle Banking Platform (OBP) aimed at large retail banks and its stable mate FlexCube , the universal banking platform deployed by nearly 600 banks globally. That brings us back to OBP and FlexCube.

Chicago 100
article thumbnail

Fizzle Of The Week: Economic Cooperation (The Trade Kind, That Is)

PYMNTS

It’s not the conventional definition of national security.”. National security here is the lever to the trade war, as the Trump administration has said that the decline of domestic manufacturing means we cannot make the weaponry we need to provide, well, security. It’s defined to include effect on individual industries.

New York 101