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Zip ditches Sezzle BNPL buyout

Payments Dive

The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.”

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Career Growth at Perficient: “Never Waste a Day”

Perficient

Soon after Paul left his interview in the Perficient Minneapolis office, he received an email offering him a position. Art Quinn, general manager of Minneapolis, take great pride in the culture of his team. His experience and skill with AEM made his transition from our Minneapolis GEO to our Adobe Business Unit natural.

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Verizon Activates 5G In Chicago And Minneapolis, More Cities To Follow This Year

PYMNTS

Verizon has activated its 5G wireless network in Chicago and Minneapolis, the company announced on Wednesday (April 3), and it plans to roll it out to 30 more markets by the end of the year, according to a report by CNBC. AT&T has plans to release its own 5G network, and it’s currently marketing it with the 5G+ Network brand.

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Market Watchers Say US Recession Is Coming

PYMNTS

Market watchers have sent out a warning that the U.S. Credit spreads are the other element that’s a pretty big tell,” said Gene Tannuzzo, senior portfolio manager at Columbia Threadneedle Investments in Minneapolis. economy might be heading toward a recession. People are talking about the yield curve as a predictor of recessions.

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U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.

Chicago 170
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July Jobs and ISMs Headline Releases this Week

South State Correspondent

There once was a time when Minneapolis Fed President Neel Kashkari was easily the most dovish member of the FOMC. That implies the rate hikes will keep coming, and perhaps more importantly, the two rate cuts the market has priced into 2023 don’t seem to be on the Fed’s radar yet. July Jobs and ISMs Headline Releases this Week.

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Wellness platform Branch is now a challenger bank

Bank Innovation

Against the rising tide of digital-only banks, Minneapolis-based personal finance platform Branch has taken the plunge. The four-year-old company offers a suite of personal finance tools, including payday advance, to hourly workers through integrations with employer payroll platforms, which currently include Pizza Hut and Taco Bell.