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Surge In eCommerce Has Port Of Los Angeles Facing 50 Pct More Cargo Shipments Than First Half Of 2020

PYMNTS

In Los Angeles, a widespread glut of shipments has slowed down operations at the nation's busiest container port complex, the Port of Los Angeles , according to CNBC. Port of Los Angeles Executive Director Gene Seroka , speaking Monday (Dec. 28) on CNBC, said the cargo volume is up 50 percent.

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Tech Center: Los Angeles On The Brink Of Becoming Tech Power Player

PYMNTS

However, Los Angeles has been coming into its own over the last decade or so. In this week’s Tech Center tracker, Shivani Siroya, CEO of Tala , spoke with PYMNTS on how the Los Angeles area is becoming a center for tech. Los Angeles County had an estimated population of 10 million in 2015.

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Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. Read More.

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Mastercard, SoFi Team Up On Debit Card, Payment Products

PYMNTS

SoFi’s card will provide an additional way for customers to spend with their SoFi Money cash management accounts. Also, customers who have specific SoFi and Mastercard products will be able to participate in enhanced fan experiences when SoFi Stadium opens in Los Angeles this year.

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LA Looks To Boost Taxi Industry With Rideshare-esque Revamp

PYMNTS

To fight back against the dominance of ridesharing apps, the City of Los Angeles is enacting sweeping changes to its taxi system. Taxis aren’t as appealing to younger people, and have been seeing a cannibalizing of their revenues in Los Angeles, where drivers are petitioning for changes to the Los Angeles Airports’ pickup system.

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City National reports layoffs amid focus on controlling costs

American Banker

The Los Angeles-based bank said that it's eliminating roles across its footprint. The job cuts follow a year in which expenses soared and losses piled up.

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From California to Canada: RBC looks to move jobs north

American Banker

The Toronto-based company is looking to cut costs as it seeks to bolster the earnings of its Los Angeles-based City National Bank subsidiary. Royal Bank of Canada hopes to save money by moving positions from high-cost California to Vancouver.