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COVID Retail Update: Mall Group Asks For Bailout

PYMNTS

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

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Barneys Looks Into Bankruptcy Amid Rent Increase

PYMNTS

With a liquidity crunch brought on by a rise in rent at its flagship in New York City, Barneys New York is reportedly preparing for a bankruptcy filing. Rent at the retailer’s Madison Avenue flagship increased to roughly $30 million in January from approximately $16 million.

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CRE risk management: Navigating hazards and opportunities

Abrigo

Banks and thrifts hold half of all outstanding CRE debt through the second quarter, with insurance companies accounting for 12% and commercial mortgage-backed securities holding 14%, according to Trepp. Larger cities seem to be stuck in this new world, while smaller cities seem to be recovering,” Kirby said.

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Amazon Workers In NYC Warehouses Want To Unionize

PYMNTS

The news is another complication for Amazon in a city where it plans to build a brand-new campus. billion and recruit 25,000 people in the city in the next 15 years. One point of contention is the fact that some New York City politicians were shut out of negotiations with Amazon held by the governor and mayor.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Secure messaging for financial services. HQ: New York City. HQ: New York City. HQ: New York City. HQ: New York City, Hong Kong. Tags: Enterprise, IDology (investor), security, risk management, payments, Finovate alum. HQ: Atlanta, Georgia.

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Fintech Fundings: 26 Companies Raised $530 Million Third Week of July

Fintech Labs Insights

HQ: New York City. Retail deposits platform. HQ: New York City. Tax filing portal. Tags: Institutions, investing, security, fraud, traders, stocks, artificial intelligence. Student loan marketplace lender. Latest round: $330 million ($30 million Series C + $300 million Debt).

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Finovate Debuts: itBit’s Regulated Bitcoin Trading Platform

Fintech Labs Insights

This is what sets the New York-based company apart from its numerous competitors– it is the only regulated bitcoin trading platform open to all U.S. Headquartered in New York City. Accommodates both retail and institutional traders. It also offers tax documentation and FDIC insurance for U.S.

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