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RBS Fund Takes Back £50M From Metro Bank

PYMNTS

After Metro Bank recently pulled back from plans to expand and decided to move away from lending for mortgages, the bank said it will return £50 million from the RBS bailout fund, according to a report. The bank had to reconfigure its strategy after fourth-quarter results showed a pre-tax loss of £130.8

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France Agrees To Postpone Big Tech Tax After US Threatens Tariffs

PYMNTS

France will postpone payment requirements on its newly levied digital services tax aimed at large tech companies like Facebook and Google due to a dispute with the U.S. The payments were due in April, and Washington took issue with the tax, which it said is unfair and discriminatory toward the U.S. .

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China’s Tax On Foreign eCommerce Sites

PYMNTS

China has some new taxes on goods imported through eCommerce sites, though it has also removed some duties that had previously been assessed. Food will now import at a higher duty price; previously the tax was 10 percent. Instead, it will wipe out those companies that were only seeking a policy loophole and operating in a gray zone.”.

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

PopularBank

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. 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.

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Managing Spend In A Sector Where Unplanned Expenses Are The Norm Issues

PYMNTS

The latest Workforce Spend Playbook examines how an increasingly younger workforce is changing employees’ and employers’ approaches to payment and expense spending, as well as the ways manual spending tools could hurt both during tax season and in spend reporting. How Business And Their Workers Can Avoid Frustrating Tax Mistakes.

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Mobile Order-Ahead Delivered The Goods In 2019

PYMNTS

As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. Uber Co-Founder Travis Kalanick has even secured $400 million to develop his new CloudKitchens concept, which rents fully equipped cooking spaces to delivery-only restaurants in major metros.

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Whole Paycheck Tracker: Accelerating Automation To Capture Consumer Spend

PYMNTS

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. metros with more set to be added by Amazon by year’s end. 2: People in Glass Houses Should Pay Taxes. With the additions, Prime delivery is now online in 75 U.S.

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