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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers. A taxicab medallion is a numbered plate required to operate a yellow cab. The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000.

Fraud 223
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India’s Struggling Yes Bank Sees Share Boost From $1.2B Offer

PYMNTS

Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The Bombay Stock Exchange’s Sensex index also saw record highs, with a rally of more than 40,300 points due to a corporate tax cut and other business-boosting reforms. Regulators must approve it as well.

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Singapore Enterprise Buys TGI Friday’s; Capgemini Acquires Altran 

PYMNTS

Three stores were shuttered in 2018 as profits dipped due to issues with the input tax credit. Universal Success operates Outback Steakhouse restaurants in Southeast Asia, including Malaysia, Singapore and the Philippines. The restaurant has nine locations in India and has been in the country for more than 20 years.

Taxes 108
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Ant Financial Close To Doubled Its Profit In Fiscal Year 2017

PYMNTS

According to a Bloomberg analysis of Alibaba’s recent filing, Ant Financial saw a 86 percent jump in pre-tax profit to $814 million in the fiscal year that ended in March. Ant Financial operates Alipay, the popular mobile payments service in China. Ant Financial is in the process of acquiring MoneyGram in the U.S.

Mobile 115
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South Korean Starbucks Accepts Alipay For Tourists

PYMNTS

Owned and operated by Ant Financial Services Group, Alipay is the world’s largest online and mobile payment platform. Users can even receive an instant tax refund at four major airports in the country. Launched in 2004, Alipay currently boasts more than 520 million active registered users. China is expected to process $3.29

Mobile 101
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The banks serving active duty personnel

Independent Banker

Community banks operate on a majority of the country’s military installations. Community banks comprise more than two-thirds of the 66 banks operating on U.S. Noemi Gallardo and Larry Wilson of First Arkansas Bank and Trust pose in front of a C-130 display plane at Little Rock Air Force Base, where the bank operates a branch.

Arkansas 168
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Prepare for stronger C&I lending demand: A $1.7 trillion “wave”

Abrigo

Drive growth The big C&I lending wave is coming If opportunities to drive bank or credit union performance are like the waves surfers seek constantly, C&I lending will be the next “bomb,” according to Joel Pruis , Senior Director and Lending & Operations Practice Lead at Cornerstone Advisors. 2004-2008: 82.6%

Lending 195