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Gett Shutters Juno In New York, Partners With Lyft

PYMNTS

Ridesharing company Gett, which operates under the name Juno in New York City, is shuttering its operations there and entering into a partnership with Lyft to take on its accounts, according to a report by TechCrunch. Gett acquired Juno in 2017 for about $250 million, in a move to expand in the region.

New York 100
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Gett Closes Down NY Ridesharing Brand Juno; Partners With Lyft

PYMNTS

Ridesharing company Gett, which operates under the name Juno in New York City, is shuttering its operations there and entering into a partnership with Lyft to take on its accounts, according to a report by TechCrunch. Gett acquired Juno in 2017 for about $250 million, in a move to expand in the region.

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CRE risk management: Navigating hazards and opportunities

Abrigo

Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether. But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits. They’re not your hometown.

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Alcohol Sizzles, Apple Pay Fizzles And Bikes Are Blowing Up

PYMNTS

There are a number of very interesting target markets, because no matter what city you are in, they want bikes as opposed to cars.”. Mobike was the loudest sizzle in the bonanza of bike-related news this week, with the announcement that it has been acquired by Meituan-Dianping for $2.7 and Sacramento. That’s a lot of digits.

Apple 100
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Juno’s Shuttering Spotlights (Some) Pressures Of Gig Economy Pay ‘Floors’

PYMNTS

As reported in The Wall Street Journal , the move to seek bankruptcy, and restructure, comes even after the company had contracts in place with about 50,000 drivers in the New York region, and had been completing around 50,000 rides daily. Juno may be a special case, limited to a single market.

New York 109
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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

At the end of 2021, the Biden administration announced that they would pay closer attention to corruption in the real estate market, with a special focus on all-cash commercial and residential real estate transactions. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. learn more. Taking action.

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Think Small! A Tiny Canadian Credit Union Proves Rural Branches are Sustainable Too

NCR

On a balance sheet, there’s no question that a branch in rural Saskatchewan is going to look like it’s underperforming compared to high-margin, high-traffic branches in New York City or Montreal. But by no means will that branch actually lose money if it’s well-run. Being part of the community really does matter.