article thumbnail

Fed Names New Payments Security Leader

PYMNTS

“Ken’s extensive background in information technology and his collaborative leadership style will be critical to addressing a variety of important challenges as we continue to make improvements to the nation’s payments infrastructure,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City.

Security 112
article thumbnail

How Payless Beat Back Bankruptcy (And What Retailers Can Learn)

PYMNTS

Because, despite the big changes announced in leadership and store count, Topeka, Kansas-based Payless is still a mostly brick-and-mortar retailer that relies on those physical locations worldwide to distribute low-cost shoes to consumers everywhere. Amazon threw down the gauntlet to start the summer with its announced $13.7

Retail 153
Insiders

Sign Up for our Newsletter

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

article thumbnail

Temenos to Acquire Kony: So What?

Gonzobanker

The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. market expansion. market has been a hard row to hoe for Temenos. market – already well established internationally from the aforementioned growth. So now you can lose those European loafers and wear these [cowboy boots].”

article thumbnail

Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. MCBS, with a market cap of $705 million, and LTM revenues (net interest income plus fee income) of $125.5

Capital 78
article thumbnail

Agricultural Alert!

Independent Banker

In a surprise move, congressional leadership sought to reduce the crop insurance program by $3 billion at the end of 2015 to offset other spending initiatives. Falling crop prices—exaggerated by weak currencies in many foreign markets—are expected to pressure U.S. Robert Johansson, USDA economist. Ongoing concerns.

article thumbnail

The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Goes to the always-sharp Mitch Feiger and the team at MB Financial for the bank’s sale to Fifth Third at a 24% premium to market price in May.

Fintech 102
article thumbnail

Blooom Announces $4 Million Series A Round Led by QED Investors

Fintech Labs Insights

As such, 401(k) investors represent a potentially huge market of investors who need help managing these accounts wisely. The company’s leadership team includes former investment banker Greg Smith who penned the notorious “Why I am Leaving Goldman Sachs” piece for the New York Times in 2012.