article thumbnail

Bitcoin Daily: Chilean Gov’t Calls For More Regs On Crypto, FinTech; British Virgin Islands Partner With Blockchain Co

PYMNTS

Regulation of these platforms would mitigate some of the risks, such as money laundering and terrorist financing, and increase the legal certainty with which they operate. In other news, the British Virgin Islands has announced a partnership with LIFElabs.io that will provide rapid access to funds in the event of an emergency.

article thumbnail

Banking's Top 5 Total Return to Shareholders: 2022 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. Virgin Islands. Interesting that three of the top 5 have some sort of BaaS operation.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Retail Pulse: Stein Mart Plans Amazon Locker Rollout; Dressbarn Stores To Close

PYMNTS

While the company stated that the decision to close the stores wasn’t easy to make, CFO Steven Taylor in a press release, “Dressbarn chain has not been operating at an acceptable level of profitability in today’s retail environment.” Amazon, too, is still taking a large share of the online apparel market. Virgin Islands, with 30.2

Retail 123
article thumbnail

Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc. “We

article thumbnail

SAFER Banking Act passes Senate Banking Committee: Will marijuana be re-scheduled under the Controlled Substances Act?

Abrigo

Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands , have legalized marijuana in some form , many banks and credit unions are reluctant to take on the risks associated with providing services to marijuana-related businesses. While 38 states , along with Washington D.C.,