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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

News has emerged, via Bloomberg , that Singapore-based automotive subscription operation Carro has gained the top automotive investment banker for HSBC in Asia as the company’s new chief financial officer. BMW , for example, launched a pilot dubbed Access by BMW in Tennessee. Ford Retreat. Proof of that comes from Ford.

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Ford Drops Out of Vehicle Subscriptions, While The Space Continues Acceleration

PYMNTS

The venerable automaker has agreed to sell its own vehicle subscription operation to Fair, a startup in this space. Fair reportedly will buy Ford’s Canvas operation, though terms remain undisclosed. In addition, Mercedes-Benz Collection is expanding its Nashville, Tennessee offering to include the Premier tier.

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. First Community Bank of Tennessee. In true community bank fashion, each has its own story to tell and its own path to success. Molly Bennett, executive editor, Independent Banker. Philadelphia.

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11 Lessons From Startup Chapter 11s

CB Insights

The company announced it was effectively ceasing operations immediately and filing for Chapter 11 bankruptcy, putting more than 1,100 people out of work overnight. In January 2019, Munchery abruptly ceased all operations, as it informed customers via email. By September 2011, Solyndra’s business model had fallen apart.

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Fantasy Sports Get A Legal Go-Ahead In New York State

PYMNTS

Indiana, Virginia, Tennessee, Mississippi, Missouri and Colorado have all affirmed daily sports betting as a legal alternative, but other states have seen the issue differently. While a court initially barred DraftKings and FanDuel from continuing to operate in New York, a higher court reversed that decision on appeal.

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