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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. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

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NYC Sees 40 Pct Hike In Bankruptcies As Office Workers, Tourists Stay Home

PYMNTS

Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse. The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur.

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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year. 2nd Address.

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Fiverr Launches Program To Make Cities ‘Gig Worker Friendly’

PYMNTS

Or, they can be creative arts performers, such as voiceover artists; technical service providers, such as programmers, and professional service providers, such as attorneys and tax accountants. The partners looked at more than 20 million tax returns from the 15 cities studied.

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Austin Is Bringing The FinTech Heat

PYMNTS

tech hubs, like Silicon Valley and New York City, the city has been recognized as having a fast-growing tech sector with strong expansion. Austin’s startup community has seen a big transformation over the years. Not only was the city recognized as having the fastest growing tech scene in the U.S.

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Fizzle Of The Week: The NYC Amazon HQ That Will Never Be

PYMNTS

Amazon and the city of New York managed to pull off one of history’s more spectacular break-ups this week, with the Valentine’s Day announcement that the city and the nation’s largest eCommerce firm would not be joining forces to build half of Amazon’s HQ2 in Long Island City. As noted by Kathryn S.

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A Small Business Roadmap for Reopening

PopularBank

For our team here at Popular Bank , and for many of the community-centered small businesses we serve, the reach of this story goes deeper. . On the other hand, states like New York are moving more cautiously. Above all, only a third of the businesses surveyed believed they could “remain operational for 3-6 months.” . .