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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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Mall Chain Owner Considering Selling Off Its Malls

PYMNTS

The Cleveland-based firm says that it is “reviewing strategic alternatives for its retail portfolio.” Forest City Realty Trust owns 14 regional malls throughout the country and 19 specialty retail centers, which are mostly located in New York City, like the East River Plaza near the FDR Drive at 116th Street.

Arlington 100
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Blockchain’s Inroads Through National Frameworks And Trade Finance

PYMNTS

The move by Germany would follow at least some initial forays into exploring blockchain use from regions as far-flung as Britain and Singapore. As reported this past week in the Cleveland Scene , one of Cleveland’s largest blockchain firms, Votem , shuttered doors abruptly amid a lack of funding.

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Investment Tracker: Bringing Auto Trading To The Digital Age

PYMNTS

ACV is a digital auto dealer app, allowing auto dealers to view, bid and purchase car inventory via online auctions. The company has tripled its workforce, according to Buffalo News , and plans to expand from its base in Buffalo to the larger markets of Cleveland and Pittsburgh. But that is changing in the digital age: enter ACV.

Cleveland 100
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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 online retailer also said it sold more Amazon devices, such as the Fire TV Stick and the Echo Dot, than ever before. and closed at $204.87. Payroll Fraud Could Cost KeyCorp $90M.

Cleveland 128
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Not a Session at Acquire or Be Acquired: Culture

Jeff For Banks

When Raphael Reznek, CIO of Mascoma Bank, spoke about the biggest challenge to launch online account opening: "our internal culture". Mike Butler of Radius, although a lifelong banker, came from outside of the region and implemented a business model and cultural change at his bank with new management and a "fast fail" innovation culture.

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Pandemic: No Problem. And Messages From Our Financial Services Providers

Jeff For Banks

Order online, as most restaurants will either deliver or prepare for pickup. Highlight charities and wealthier individuals that are supporting the same, such as Kevin Love of the Cleveland Cavaliers donating $100,000 to support arena workers. Keep going to them.

ATM 78