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Restaurant Operators On Life Before, During And After COVID-19

PYMNTS

Restaurants are tough businesses to operate, even in the best of times — 60 percent fail within their first year, and 80 percent within their first five. Yi said the impact of COVID-19 caught Zoku Sushi “completely flat-footed” by the nearly overnight shutdown that came to its base of operations in Midtown Manhattan. They went home.

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Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

As many teams within businesses big and small had continued to rely on paper and manual processes, AP operations were tasked with migrating to a work-from-home environment quickly. Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. Operational Risk: Lastly, the OCC mentioned an increase in operational risk, and its intent to focus on: • Significant growth areas, new products, new or expanded services and changes in strategic direction.

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Why ?Dining Out? Is About To Become A Much More Literal Term

PYMNTS

The pilot in Tampa is not unique: In Cincinnati, Atlanta, New Jersey, Massachusetts, California and Connecticut, local governments are trying out arrangements to allow restaurants to reclaim space not normally used for serving customers to make reopenings possible. In Connecticut, Gov.

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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

The operative question is when commercial PODs will show a spike. As can be seen, Arizona and Texas have the largest increases in credit risk, while Minnesota and Maine are the most stable. Below are the current delinquency trends and projections. Our answer – within the next 18 months.

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Amazon Boosts Its Logistical Strength With Freight Service

PYMNTS

The eCommerce operator has launched its digital freight brokerage platform, freight.amazon.com , where it invites other firms to “tap into the scale of Amazon we extend our carrier network to give best-in-class service at great rates.”. The service, now in beta, is available in Connecticut, Maryland, New Jersey and New York.

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eCommerce, Delivery Firms Turn Attention To Supply Chain, Logistics

PYMNTS

The facility, along with existing centers in Maryland and Connecticut, will serve northeastern U.S. The pizza chain is targeting a mid-September opening date for its new, 182,000-square-foot supply chain center in Edison, New Jersey, according to spokesman Tim McIntyre. The company has a total of 16 centers in the U.S. and Canada.

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