article thumbnail

Restaurant Operator Blames Bankruptcy On Wage Hike

PYMNTS

an eatery operator with 35 restaurants, has filed for bankruptcy and is blaming the misfortune on a recent minimum wage hike in court filings, according to a report by Bloomberg. The company filed for bankruptcy protection on Sunday (July 7) in Delaware. Restaurant Unlimited Inc.,

article thumbnail

Barclays Eyes US Expansion

PYMNTS

credit card operations. housing market during the last recession. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. billion of deposits to its Delaware operation. In addition, sources say that Barclays is putting more capital behind its U.S.

Delaware 101
Insiders

Sign Up for our Newsletter

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

article thumbnail

Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

The court filing took place in Delaware on Monday, April 13. Data from S&P Global Market Intelligence listed department stores as the highest likely candidates to default on debt , with a 42 percent chance of doing so. The retailer has around 100 stores still operating in the U.S.

Delaware 160
article thumbnail

Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

Although Alibaba and JD.com usually lead China’s eCommerce market, the four-year-old Pinduoduo is “popular with China’s lower-tier city residents” and attracts customers with offers of discounts and deals, per reports.

Data 130
article thumbnail

Santander Gets Hit With Fine Due To Overdraft Practices

PYMNTS

According to the CFPB, the telemarketing vendor Santander contracted with deceptively marketed the overdraft service to consumers and signed them up without getting their consent. We will put a stop to any such unlawful practices that harm consumers.”.

article thumbnail

Bitcoin Daily: Crypto Phone Coming Soon, South Korean Lawmakers Draft Crypto Rules

PYMNTS

The government of India is not looking to ban crypto assets, despite recent central bank policy that has told banks to not service accounts of coin market operators, Cryptovest reported. million home in Delaware was purchased with bitcoin, Bitconist reported. On another note, a $1.75 as well as the U.K. and Dubai.

Bitcoin 104
article thumbnail

Mosaic Brings Frozen Foods Directly To Consumers

PYMNTS

Founded by Blue Apron ’s former Senior Directors of Operations Matt Davis and Sam McIntire, Mosaic’s first line of products boasts six vegetarian bowls: the Tuscan Pesto Bowl, the Greek Jackfruit Bowl, the Peanut Tofu Bowl, the Miso Tempeh Bowl, the Harvest Beet Bowl and the Smoky Southwest Bowl.

Baltimore 113