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Impact of Covid-19 Felt in the Shared National Credit Reviews Released by Bank Regulators

Perficient

” SNC (pronounced like the candy bar but without the “ers”) stands for the Shared National Credit Program, which, since 1977, has assessed risk in the largest and most complex credits shared by multiple regulated financial institutions. percent vs 22.3 percent) subject to negative review was substantially lower.

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Supply Chain Bottlenecks Impact Shipments To Stores, Warehouses

PYMNTS

The Hackett Associates and National Retail Federation Global Port Tracker report registered the highest volume in August on the books going back to 2002. In August, international container shipping volumes were up 34.2 percent as compared to February, WSJ reported, citing Container Trade Statistics.

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Airlines Follow British Airways‘ Lead In Halting China Flights

PYMNTS

The virus has so far killed 132 people in China; confirmed cases hit roughly 6,000, the country’s National Health Commission said. In this global economic age — where money, people and public health risks move across borders — food, retail, travel and other industries are taking a financial hit.

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Why The Coronavirus May Dwarf SARS’ $40B Economic Toll

PYMNTS

If past is prologue, and history never really repeats itself, but rhymes, there may be some parallels with the SARS outbreak that marked the beginning of the millennium, in 2002 and 2003, and was a viral infection that was also identified as a coronavirus. percent in 2002 to more than 1o percent in each of 2003 and 2004. percent to 4.4

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The Buyers: Generation Z’s Shopping Preferences

PYMNTS

Generation Z are the next up-and-coming group of shoppers who retailers are turning to for the future of retail. Yes, those born between 1994 and 2002 are starting to push millennials over in terms of shaping commerce and eCommerce trends. Get ready, retailers.

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Walmart May Be Looking To Sell Off Its Japanese Business

PYMNTS

According to FT reports, Walmart has been approaching bankers to explore an exit by sale from Japan, as the international retail giant is seeking to divest itself of the struggling Seiyu supermarket chain. Walmart first purchase Seiyu in 2002, but has faced difficulties gaining traction in the extraordinarily challenging Japanese market.

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Wayfair’s Way Forward In A Crowded Field

PYMNTS

So small, in fact, that when it first started in 2002, the entire operation fit easily into the spare bedroom of Co-founder Steve Conine’s Boston home. But we knew we wanted to build a nationally known mass retailer.”. As of today, that one-room idea has grown to $6.6

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