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California Opens Door For San Francisco Public Bank

PYMNTS

California Governor Gavin Newsom has signed legislation allowing for the establishment of public banks in the state, and advocates in San Francisco are jumping at the opportunity. According to reports, the nation’s only public bank currently operates in North Dakota, and was established in 1919.

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Google Testing Same-Day Delivery In San Francisco

PYMNTS

According to the report, the service — dubbed Google Shopping Express — is being tested with a small number of consumers in San Francisco and suburbs around it. NBC News reported that national, regional and local merchants are testing Google Shopping Express with big-name retailers including Target and Walgreens.

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Melissa Widner, General Partner at National Australia Bank Ventures, Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE — Melissa Widner, General Partner at NAB (National Australia Bank) Ventures, has joined the speaker faculty for Bank Innovation 2018. Bank Innovation 2018 will take place March 5-6 in San Francisco. She co-founded.Read More.

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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

the San Francisco-based online bank, had the last laugh. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. Varo Bank N.A.

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Banking startup Level enters the high-yield savings race

Bank Innovation

Level, a digital banking startup based in San Francisco Calif., The company, which launched its products nationally Wednesday, is coming into the market as fintech startups like Wealthfront, Betterment and Varo are touting high-yield savings accounts to vie for market share. is trying to hook customers with a 2.1%

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What To Make Of The Gradual Return Of The In-Office Workforce

PYMNTS

San Francisco can say, ‘Hey, it’s cool to open back up.’ said tech executive Connor Fee in a San Francisco media report. That’s an increase from the 36 percent observed in September and the fewer than 25 percent in early April when shutdowns were at their national peak. But what’s changed?”

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JPMorgan shutters 14 First Republic branches, more closures expected

American Banker

The nation's largest bank, which acquired the remains of San Francisco-based First Republic following its failure this spring, has completed its plans to close 21 offices this year. But the consolidation effort is likely to continue.