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Major Retailers Brace For Gift Card Fraud

PYMNTS

The moves were announced by the attorneys general of Pennsylvania and New York, Reuters reported. By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement.

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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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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. .

Taxes 101
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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. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc.

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Direct Listings And SPACS, Change The Face of Public Offerings

PYMNTS

Securities and Exchange Commission approved a plan by the New York Stock Exchange to approve “direct” listings by companies, which let companies come to market without the underwriters (typically) large banks that charge hefty fees to bring the deals to the Street and reach institutional and retail investors.

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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. They’re not your hometown.