California’s fintech startups are invading New York

Bank Innovation

Bloomberg Carousel Innovation Strategy Open Banking Payments New York Plaid San Francisco Stripe UberWhen two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. It had to be California.

New York To Ease Cryptocurrency Regulations


It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules.


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New York Community Bancorp, Figure Technologies To Partner On Blockchain Projects


New York Community Bancorp (NYCB) has entered into a strategic relationship with Figure Technologies to work together on blockchain initiatives, according to a press release. Blockchain banking Figure Technologies New York Community Bancorp News partnerships What's Hot

Canada’s VersaBank Plans New York IPO


and Canada, and is filing an initial public offering (IPO) on the Nasdaq Global Select Market (Nasdaq) in New York City under the ticker VBNK. VersaBank , Canada’s first financial institution to operate without a branch, is launching a public offering of shares in the U.S.

A Recruiter’s Guide To Hiring In 2021

With vaccination rates rising, consumers spending more money, and people returning to offices, the job market is going through a period of unprecedented adjustment. As the New York Times observed, “It’s a weird moment for the American economy.” And recruiting professionals are caught in the middle. To make the most of this disruption, you need to understand the economic drivers, develop a strong strategy for unearthing valuable talent, and use the latest tech tools to get the job done. Read this guide to get your recruiting practice ready to thrive in the new normal.

New York Bets On Mobile Sports Wagering


New York is seeking proposals from sports betting companies interested in setting up mobile operations in the Empire State, The Wall Street Journal reported Wednesday (July 21). According to Lineups , 25 states — including New York — have legalized sports betting since a 2018 U.S.

Flagstar, New York Community Bancorp To Merge


New York Metro-based New York Community Bancorp (NYCB) and Michigan’s Flagstar Bancorp have inked a merger agreement, the two banks announced in a Monday (April 26) press release. Banking banking Banks Flagstar Bancorp mergers New York Community Bancorp News What's Hot

American Express reopens New York, London offices at 10% capacity

Payments Source

began reopening offices in New York and London this week even as it told employees that they can continue working from home through June 2021 if they wish. New York Coronavirus American ExpressAmerican Express Co.

New York City Sees Surge In Street Vendors


Fast forward 90 years and New York City is suddenly seeing a big jump in the number of street vendors as the jobless try to find new ways to make ends meet, The Wall Street Journal (WSJ) reported. Economy economy new york city News Retail What's Hot

New York City Council Bans Cashless Food And Retail Stores


The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average.

Lowe’s Builds New Image At New York Fashion Week


There’s a lot that’s new and digital about New York Fashion Week. In fact everything is new from the virtual runways to the individual shows getting precedence over the more general events. Even the sponsorships are new, including home improvement retailer Lowe’s.

New York To Sunbelt State Tourists: Stay Home


With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. New York Gov. Andrew Cuomo, New Jersey Gov.

New York Gyms Get OK To Reopen Next Week


New Yorkers are about to lose one of the reasons for packing on what some healthcare providers are calling the COVID 15, or quarantine 15 — as in 15 pounds of weight gained since the onset of social distancing and the closing of gyms and other public venues.

Is New York Fashion Week Still In Style?


In many ways, 2020’s version of New York Fashion Week was much like any other year. The idea not only succeeded in New York, but it ignited and went global after the war ended. We’ll see if New York manages to get itself back on trend this fall.

New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says


The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city's economy won't fully recover for years. Coronavirus Consumer Spending debt economy new york city News What's Hot

New York cracks down on bank overdraft fees. Will OCC, CFPB follow?

American Banker

Overdrafts State of New York Fee income Law and regulation

Related Cos. CEO Calls For Workers To Come Back To New York City


Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. This is about bringing New York back to life.

BankUnited looks beyond Florida, New York for growth

American Banker

Strategic planning Florida New York Branch network Commercial lending

Citizens building critical mass in New York with Investors deal

American Banker

New York M&A Regional banks Citizens Financial CRE

Morgan Stanley to bar unvaccinated staff from New York offices


The banking company told staff and clients that they have less than three weeks to receive both coronavirus jabs before visiting its buildings in New York City and Westchester from 12 July – or keep working from home.

Retailer New York & Co. Will Likely File For Bankruptcy


The parent company of New York & Co. , New York & Co. Retail bankruptcy New York & Co.

New York governor names ex-Obama advisor to lead financial regulator

American Banker

State regulators New York Women in Banking NYDFS

Retail Vacancies Spike In New York City


As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. Earlier this year, news surfaced that rents were falling and vacancies were rising on New York’s storied Fifth Avenue. Retail brick and mortar new york city News real estate Rent vacancies What's Hot

New York & Co. Parent RTW Retailwinds Auctioned For $40M


Seven weeks after the corporate parent of New York & Co. RTW Retailwinds , a New York-based specialty apparel retailer, announced the Saadia Group agreed to purchase its eCommerce business at a bankruptcy auction Friday (Aug.

Fake COVID-19 Vax Cards Lead to Charges for 15 in New York


31), according to an announcement from the New York District Attorney's Office. Clifford conspired with Nadayza Barkley, 27, to enter at least 10 individuals into the New York State Immunization Information System database who weren’t vaccinated, the charges allege.

New York regulator will collect, publish diversity data from banks

American Banker

Diversity and equality Corporate governance State of New York ESG Law and regulation

New York City Mulls Fur Sales Ban


Following the lead of other municipalities, New York City could be going fur-free with a proposed law on the horizon. In a progressive and modern city like New York, banning the sale of fur clothing and accessories is long overdue,” Johnson said in a statement, according to the outlet. In the case of New York City, under the proposed law, a fine would range from $500 to $1,500 for businesses selling fur.

Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations


In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations.

New York Sees Most Bank Branch Closures In US


are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. New branch applications from Chase totaled 43 percent of all new establishments for 2019. Banks across the U.S.

Credit Card Surcharges OK’ed In New York


New York has banned the ban. In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. The merchant plaintiffs and the state of New York filed motions on Jan.

New York City Mayor De Blasio Says Phase 4 Reopening To Start Monday


New York City Mayor Bill de Blasio said the city is set to enter the last phase of reopening on Monday (July 20), Bloomberg News reported. New York City is the last state region to enter Phase 4. Coronavirus economy new york city News reopening What's Hot

New York Imposes Check Order Requirements On “Banking Institutions”

New York's State of Mind

New York State banking institutions banking organizations check order overdraft S1465In one of his last acts as Governor, on Thursday Governor Cuomo approved legislation imposing check order and disclosure requirements on “banking institutions.” The next step is for the Department of Financial Services to draft regulations before the law takes effect in January. Senate Bill S1465 mandates that banking institutions pay checks in the order […].

New York Lifts COVID Restrictions; New Strains Still A Concern


New York Gov. The holiday surge from Christmas and New Years appears to be done with, peaking on Jan. 4 when the positivity rate in New York hit 8 percent across the state. That said, the new strains of the virus, which have been cropping up in the U.S.

The New York State Banking Market Becomes Even More Competitive

New York's State of Mind

Crain’s New York Business is reporting that Rhode Island based Citizens Financial Group agreed on Wednesday to buy Investors Bank of New Jersey for $3.5 The move comes just two months after the bank purchased HSBC’s New York branches. Economy econony New York State Chairman Bernanke Citizens Financial Group Federal Reserve Federal Reserve Chairman Jerome Powell taper

New York City Restaurants Could Reopen In July


Dining out in New York City could soon be a reality again. More than two months after New York City was locked down to prevent the spread of COVID-19, Mayor Bill de Blasio said his goal is to reopen eateries in July, Bloomberg reported. “We’ll