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COVID Retail Update: Mall Group Asks For Bailout

PYMNTS

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. β€œFor For retailers, this is now about near-term survival.”.

Retail 161
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The case for end-to-end digital lending

Independent Banker

Community bankers tell us why. In early 2021, the $490 million-asset community bank launched its Finastra Consumerbot product, which offers online applications for consumer loans for items like boats and vehicles. Community bankers are increasingly recognizing that the future of digital lending is here. By Beth Mattson-Teig.

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How community banks can help young homebuyers

Independent Banker

But there are ways community banks can help mortgage-seekers get on the property ladder. Burmis, senior vice president and retail lending manager at $450 million-asset Chelsea State Bank in Chelsea, Mich. So how can community banks help? By Beth Mattson-Teig. Plenty of tools in the box. Flexibility needed.

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Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

billion in asset company headquartered in West Virginia, providing community banking services primarily in the Eastern Panhandle and South Central regions of the state, and the Northern and Shenandoah Valley regions of Virginia. Actually, the Bank had a one-time after tax litigation settlement (from a 2002-04 event) of $6.2

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Malls, Restaurants Request Aid As Coronavirus Forces Closures

PYMNTS

The International Council of Shopping Centers (ICSC) CEO Tom McGee told CNBC that the shopping center industry brings in some $400 billion in state and local taxes, and that action from the government is needed sooner rather than later. Many malls and retailers had to temporarily close due to local mandates.

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SMBs Face Policy Headwinds, From Trade Tariffs To SCOTUS

PYMNTS

Sixty-seven percent of Americans are confident in the small business community , according to a new Gallup poll that found SMBs to have the second-highest level of confidence among Americans, behind only the military. reports that cite Minnesota Law Review analysis. Sixty percent of the U.S. Fifteen U.S. ”

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