Seattle Approves Next Tax For Big Companies Like Amazon

PYMNTS

Seattle’s city council has approved a new tax for the city’s biggest companies, including Amazon , to combat a housing crisis impacting the city’s working class. The company said it is still evaluating whether to sub-lease space in a second future office tower in Seattle, a project called Rainier Square. In addition to Amazon, the tax would also affect Seattle-based coffee retailer Starbucks and department store chain Nordstrom.

Is Seattle’s Minimum Wage Hike A Job Killer?

PYMNTS

The headlines during the penultimate week of June in The Washington Post regarding the Seattle minimum wage increase might have been a bit confusing to the casual observer. an hour by the city of Seattle is not killing jobs but is nonetheless ruining the lives of working class people, unless it isn’t — and it is actually working just fine. Imagine being a working-class citizen in Seattle.

Amazon Go Will Open A Second Location in Seattle

PYMNTS

The new store is also located in Seattle, and according to Geekwire will stand about a mile away from the other one. In a statement, Amazon said “we are excited to bring Amazon Go to 920 5th Avenue in Seattle. The first cashierless Amazon Go store opened in January in Seattle after being in development for five years. Amazon AiFi amazon go checkout lanes checkout-free eCommerce lanes grocery News Seattle

Starbucks Opens Princi Bakery In Seattle

PYMNTS

Much like those locations, the new location of Princi in Seattle has ovens that bake items in the store. In a second run at the bakery business, Starbucks has opened the doors to a brick-and-mortar location of Princi bakery and café in the U.S. The coffee chain had previously shuttered all of bakery chain La Boulange’s locations after acquiring the company in 2013, Chain Store Age reported.

Amazon Launches Job Training Program In Seattle

PYMNTS

Amazon is partnering with nonprofit organization FareStart to launch a job training program in Seattle’s South Lake Union neighborhood. The initiative will also bring five new eateries to Seattle, which will serve as the training location for those enrolled in the program and help people in entry-level foodservice jobs attain the skills needed to earn a higher income. Poverty and income inequality are growing in Seattle.

Seattle Utility Customers Privy To Confidential Data

PYMNTS

But that’s what happened to customers of Seattle City Light and Seattle Public Utilities on Sunday (Sept. The City of Seattle was busy trying to fix a glitch that sent links to over 3,000 people in error. The mailings marked the launch of Seattle City Light and Seattle Public Utilities’ new billing system. Security & Fraud News Seattle Utilities What's Trending

Data Dive: The Uncertain Future Edition, MoviePass, Credit Cards And Seattle Taxes

PYMNTS

Seattle Taxation Change of Heart. It looks like the tax situation in Seattle may be getting a bit stickier: Seattle’s city council has approved a new tax for the city’s biggest companies, including Amazon, to combat a housing crisis impacting the city’s working class. Reports indicate that the tax comes as Seattle considers the housing crisis at least partly brought on by a local economic boom that has spiked the cost of local real estate.

Tech Center: Seattle Brings Heat to The Tech Arena

PYMNTS

Seattle, Washington is known for a great many things including its rainy weather and many pop culture phenomenas. From Grey’s Anatomy to Frasier, Sleepless in Seattle and the band that started the grunge movement in the early 90’s, Nirvana, the city has seen its fair share of recognition and consequentially tourism attraction over the years. What people may not know is that Seattle is creeping up on becoming the next big center for the tech industry.

Snapbot Sends Seattle Residents Into A Frenzy

PYMNTS

Seattle locals dropped everything once word started to spread online that the yellow vending “Snapbot” was spotted at Dick’s Drive-In restaurant. GeekWire interviewed some of the of Seattle residents waiting in line, like Ian Atianza, who came down from the Capitol Hill neighborhood and was one of the first people in line. It didn’t take long before a massive line formed, with people waiting an hour or more to get a pair of the much-coveted Spectacles.

Is Amazon Building A Drive-Up Grocery Store In Seattle?

PYMNTS

Amazon appears to be behind the construction of a new drive-up grocery store being built in Seattle’s Ballard neighborhood, at least, according to an online report citing city permitting records. Now, GeekWire is reporting that a post-issuance submittal for the project on file with the city of Seattle contains this project description: “storage racks insulation plans on main floor for Amazon.”.

Amazon’s Secret Drive-Through Grocery Plan For Seattle

PYMNTS

No one knows exactly what Amazon’s plans are for a 9,759-square-foot retail space in Seattle’s Ballard neighborhood, but plans dug up by GeekWire seem to indicate that the space is being renovated into a drive-through grocery. GeekWire made the connection because the wording in the Seattle permits is almost an exact match for planning documents for Amazon drive-up grocery stores planned in the San Francisco Bay Area.

Seattle-Based Finagraph Completes $5 Million Financing

NetBanker

Founded in 2010 as BBC Easy and rebranding as Finagraph in 2013, the Seattle-based company demonstrated its Base Borrowing Certificate technology at FinovateSpring. The post Seattle-Based Finagraph Completes $5 Million Financing appeared first on Finovate.

Impact Roadshow | Seattle, WA

Filene

10:00 a.m. - 12:00 p.m. Local Host: Northwest Credit Union Association. Filene Host: Tansley Stearns. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW?

Amazon Laying Off At Corporate Headquarters

PYMNTS

Amazon is reducing its headcount at its corporate office in Seattle, with the eCommerce giant reportedly laying off several hundred employees in what is seen as a rare move by the company. According to news from The Seattle Times , in addition to the several hundred being laid off at its Seattle headquarters, hundreds more are being let go at the company’s global operations. Amazon e-commerce jobs Layoffs News Retail Seattle What's Hot

Seattle lenders ride prosperous economic wave

ABA Community Banking

Growth at Amazon and other area companies is banks’ cup of tea, err, coffee Management Financial Trends. 1Management

Seattle's Got Plenty of Allure, But Few Entry Points

American Banker

Seattle, with great demographics and low unemployment, is an attractive market, but M&A is constrained by a dearth of locally owned banks. dealmaking-strategy consolidation m-a community-banking

Banner's latest acquisition will strengthen operations around Seattle

BankThink

The company will pay $191 million for Skagit Bancorp, a deposit-rich bank in Washington's North Sound region. Community banking M&A Capital Washington

Amazon Go freshly launched shopping tech for improved Seattle store shopping experience

The Paypers

(The Paypers) Amazon has recnetly launched its newest service, Amazon GO, a new shopping technology to improve the the Seattle-located store shopping experience

Plaza Bank in Seattle Promotes Lending Officer to CEO

American Banker

Plaza Bank in Seattle has promoted its chief lending officer to become CEO. The $65 million-asset bank said in a press release Monday that Michael Anderson also succeeded Michael Clabby as president on Nov. breaking_news people corporate-governance wa community-banking

BECU Becomes the Official Credit Union for Seattle Sounders FC

Keith Leggett's Credit Union Watch

Major League Soccer's Seattle Sounders FC announced that it has reached a partnership agreement with BECU to become the official credit union of Sounders FC. The sponsorship will include signage and promotions. In addition, BECU will make a $250 donation to support financial literacy programs at YouthCare for every Sounders FC goalkeeper save on the field during regular season home matches. Terms of the sponsorship were not disclosed. Read the story. Branding Sponsorships

Timberland in Wash. expands near Seattle with South Sound purchase

BankThink

With the acquisition Timberland would add $187 million in assets in the Puget Sound area. Community banking M&A Capital Growth strategies Washington

CUs Gain Market Share in Seattle Area

Keith Leggett's Credit Union Watch

A Seattle Times noted that Seattle-area credit unions have made substantial market share gains. 28 percent of Seattle-area households bank primarily with a credit union now, up from 21.5 About half of all households banking with a credit union in the Seattle-Bellevue-Everett area are with BECU. percent in 2008, according to market data firm Scarborough Research.

HomeStreet in Seattle rejects shareholder request for board seat

BankThink

Blue Lion Capital has complained about the company's reliance on mortgages and bank acquisitions. Community banking Activist Investors M&A Capital Washington

Seattle unicorn OfferUp adds Max Levchin as investor

Payments Source

OfferUp, a secondhand mobile marketplace, closed its latest funding round $11 million higher than previously reported and added PayPal co-founder Max Levchin as an investor. Venture funding Mobile technology Mobile payments

Washington Federal in Seattle Names Next CEO

American Banker

Washington Federal Chairman and Chief Executive Roy M. Whitehead will hand off his CEO duties to Brent Beardall this spring. breaking_news people succession-planning corporate-governance community-banking

HomeStreet in Seattle to face proxy battle from big investor

BankThink

Blue Lion Capital, which had a recent request for a board seat rejected, plans to nominate multiple people to run for the board at HomeStreet's next annual meeting. Community banking Activist Investors M&A Mortgages Capital Growth strategies Washington

HomeStreet in Seattle Raises $65M from Debt Offering

American Banker

HomeStreet in Seattle has raised $65 million from issuing senior debt. The $4.8 billion-asset company said in a press release Friday that the proceeds from the offering with support growth and other general corporate purposes. capital small-business strategic-alternatives community-banking

HomeStreet investor wants Seattle company to slow its expansion

BankThink

Blue Lion Capital believes a heavy focus on mortgages and acquisitions is hurting HomeStreet's financial performance. Community banking M&A Capital Mortgages Expense management Sailthru NMN origination no display Washington

Strengthen your strategic skills in Seattle

CU Insight

You’ve never been to a conference like NAFCU’s 51st Annual Conference & Solutions Expo in beautiful Seattle, Washington. Strengthen your strategic skills in Seattle…. Unforgettable experiences await your guests in Seattle.

AmazonFresh Goes Click and Collect

PYMNTS

The online retail giant announced that AmazonFresh is getting a physical pickup option , starting with two brick-and-mortar locations in Seattle, Washington. Amazon amazonfresh brick and mortar grocery News Retail Seattle What's Hot

Starbucks Exec Chairman Schultz Steps Down

PYMNTS

Retail coffee chain Merchant Innovation News personnel Seattle starbucks What's HotAfter growing Starbucks from a humble 11 stores to a worldwide operation with 28,000 locations in 77 countries, Howard Schultz is stepping down as executive chairman and a member of the company’s board of directors. Schultz will become chairman emeritus as of June 26, the coffee chain said in an announcement. Since the company’s public offering in 1992, the company’s shares have grown by 21,000 percent.

NAFCU’s 51st Annual Conference and Solutions Expo kicks off in Seattle

CU Insight

Credit union professionals from across the country are gathering today in Seattle to kick off NAFCU’s 51st Annual Conference and Solutions Expo – the industry’s premier strategic planning event for credit union executives and board members. The post NAFCU’s 51st Annual Conference and Solutions Expo kicks off in Seattle appeared first on CUInsight. Industry News NAFCU NAFCU Annual Conference and Solutions Expo NAFCU News Seattle

Best 38 Fun Things to Do in Seattle – Activities & Attractions on the Cheap

Money Crashers

Laid out on a series of hills on Puget Sound’s eastern shore, Seattle is the biggest city in the Pacific Northwest. Even if you’ve never been there, you’ve probably seen pictures of its iconic natural and man-made landmarks: Mount… Best 38 Fun Things to Do in Seattle – Activities & Attractions on the Cheap is a post from the Money Crashers personal finance blog.

Metro 55

Seattle finds breaking up with Wells Fargo is hard to do

BankThink

The city wanted to sever its relationship with the bank, but it ran into a big obstacle. Commercial banking Government finance Deposits Law and regulation Wells Fargo Washington

‘First World problems,’ including too much capital, face Seattle bank

BankThink

Brent Beardall, who recently took the helm at Washington Federal, discusses having excess capital, myriad potential fintech partners and why he would tweak — not repeal — Dodd-Frank. Community banking Fintech Infrastructure Capital Dodd-Frank Washington

How Spin Plans To Bring Dockless Bike-Sharing To The US

PYMNTS

Spin is a San Francisco-based bike-sharing service that announced news that it is going online for the first time this week in the Bay Area — after previously having launched in Seattle and Dallas. The firm’s Seattle launch, Euwyn Poon told Webster, was greatly boosted by the fact that one of those publicly owned docked bike solutions, Pronto, was folding just as they were launching in the city earlier this year. “In In Seattle, it was an interesting experience.

CUNA joins state lawmakers in Seattle

CU Insight

While more than 1,000 state lawmakers swarmed Seattle Monday for what is considered the nation’s largest gathering of legislators and their staff, credit union advocates also converged on the city to make their voices heard.

Hope Bancorp to buy U & I Financial in Seattle

BankThink

The acquisition is the first for Hope since a transformative merger last year. Community banking M&A California Washington

HomeStreet in Seattle notches legal victory in fight with activist investor

BankThink

A court agreed with HomeStreet that Blue Lion Capital failed to comply with the company's advance-notice bylaw when it submitted director nominations and shareholder proposals. Community banking Litigation Activist Investors M&A Washington

HomeStreet in Seattle responds to investor claim it is growing too fast

BankThink

HomeStreet's CEO said mortgage expansion and bank acquisitions — concerns highlighted recently by Blue Lion Capital — are helping the company diversify. Community banking Mortgages M&A Activist investors Sailthru NMN origination no display Washington