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Lime Raises $310M For Micromobility Expansion

PYMNTS

Micromobility is a rapidly growing market that is here to stay, with millions of riders using e-bikes and scooters to commute,” the company said. The new funds will give us the ability to expand into new markets, enhance our technology, strengthen the team and pilot new opportunities. Louis Scooter Safety Task Force.

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Fed President Says Banks Too Vulnerable To FinTechs

PYMNTS

The president of the Federal Reserve Bank of St. Louis, James Bullard, warned Thursday (Oct. 12) that banking regulators in the U.S. need to pick up the pace in their efforts to confront the risks created by FinTech companies to the banking sector. “I think we have been complacent so far.

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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

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Fed Concerned Trade War Could Trigger Recession

PYMNTS

Officials have not dispelled market expectations that interest rates could be cut again for the third time when they meet later this month. At last month’s meeting, James Bullard, president of the St. Louis Fed, voted for a bolder rate cut of 50 basis points. economy, such as the services sector. .

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Bitcoin Tracker: Up, Up And Away?

PYMNTS

The bitcoin market cap was over $18.5 recently announced the placement of three new machines in St. Louis, Missouri, the company’s first foray into the Midwestern market. Louis, Missouri, the company’s first foray into the Midwestern market. percent over Wednesday’s close. Founded in Feb.

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Lessons Learned: Banks that thrived during crisis grew loans slower prior to it.

Jeff For Banks

Louis Fed recently performed a study to uncover the characteristics of community banks that thrived during the financial crisis. And, unless your strategy says "do land loans out of our markets", don''t do them. Come to think of it, even if your strategy says to do land loans out of your market, still don''t do them.

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Is Your Contemplated Bank Merger Anti-Competitive?

Jeff For Banks

Yesterday at the ABA's virtual Conference for Community Bankers (CCB), Federal Reserve Governor Michelle Bowman gave a speech, My Perspective on Bank Regulation and Supervision. Market shares for a local banking market are based on the deposits of depository institutions in the market.