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Banking Innovation Enters New Era; Consolidation Now The Rule

PYMNTS

These are $100 billion market cap companies that are sitting in the middle of the payments supply chain.”. Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping.

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Pandemic Brings Dark Days For Department Stores

PYMNTS

Then to cap it off, Sears , which has become an afterthought in the pandemic retail nightmare, announced it is closing its iconic Hackensack, New Jersey location. It has been a relevant question since the 2008 financial crisis. When factoring in shipping and returns, it gets harder for revenue to count against overhead.

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LendingClub Settles With SEC, DOJ

PYMNTS

LCA and Laplanche, along with former CFO Dolan, were also charged with improperly adjusting fund returns. Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. Attorney Alex Tse. “We

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Date: Sep 29, 2008. While Wendy’s was never really in a position to unseat McDonald’s as the country’s top fast-food burger chain, its 2008 acquisition by Nelson Peltz (the billionaire owner of Arby’s) and merger with the roast beef sandwich chain never got it any closer to fast-food dominance. Date: July 1, 2008.

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The Regulatory Future Of Payday Lending

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Most recently, Ohio capped off a 10-year regulatory project two weeks ago, with John Kasich’s signature on a new bill that will close loopholes in 2008 legislation to legally rein in short-term lenders. And national regulations are also moving forward this week, with a win in a U.S.

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Should Facebook Buy eBay?

PYMNTS

In 2012, eBay CEO John Donahoe , who had taken over from Meg Whitman in 2008 , more or less told retailers that “Amazon is your enemy, eBay is your friend” to persuade them to upload their product catalogues to branded eBay storefronts. With a market cap of $37.2 Speaking of online retailers, eBay went all out to court them.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

Jon Stein, a millennial himself, founded the company in 2008. Despite the growing popularity of Robinhood and similar startup platforms, the well-established incumbent E*TRADE still surpasses its younger rivals, with an $11B market cap compared to Robinhood’s $7B. for stock and ETF trades and $0.65 per contract on options trades.

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