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On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

Since 2010, we have been committed to bringing fresh, local, and delicious meals into your homes along with all our customers across the country,” the company wrote in the e-mail announcement, according to reports. In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable.

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German FinTech N26 Eyes IPO With Hiring Of New CFO

PYMNTS

In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Dropbox leader Adrienne Gormley will become the chief operating officer. The company operates in 25 countries and employs more than 1,500 people. s break from the European Union, N26 ended operations there. .

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How Safe Are You? 5 Lessons from The Safest Banks

South State Correspondent

Based on the 2007 to 2010 bank failure experience, we modeled the financial health of every bank using the last 16 quarters of historical performance. Every bank in our 150 safest bank list is a capital generating machine because of earnings. We have also created projections for the next 18 months.

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Branches more important than apps?

Chris Skinner

Since 2010, 19 new retail and commercial banking licenses have been issued, with at least eight more pending as at January 2017. The regulator has tried to encourage more competition in the sector by implying the process to launch a new bank, a challenger bank. We’re happy being customers’ second bank.

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Data Shows 42 Pct Of Small Cap US Businesses Failing To Turn Profit

PYMNTS

The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss. The number is the highest since 2010’s 44 percent, the index says. The number of small U.S. companies not turning a profit has reached an unfortunate historic high due to the coronavirus pandemic, the Financial Times reports.

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UK’s Metro Bank To Buy P2P Lender RateSetter For At Least $3.27M

PYMNTS

Metro Bank will operate RateSetter as an independent entity and make loans under both its and Metro Bank brands. However, Metro was forced to curtail its efforts when it was revealed that it was miscategorizing some loans when figuring capital requirements. RateSetter, founded in 2010, said it is “the U.K.’s

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The pro-cyclicality of capital ratios and credit supply, a tale of two sizes

BankUnderground

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

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