Remove 2010 Remove Capital Remove Retail
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Branches more important than apps?

Chris Skinner

For example, it shows that the UK retail banking market place has become a dull playground thanks to mergers and acquisitions over the past half century: As a result, the six large banking groups held an 89% market share of the current account market. Anyways, there is some key metric data in the report.

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German FinTech N26 Eyes IPO With Hiring Of New CFO

PYMNTS

The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Frankfurt stock exchange. In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017.

Fintech 254
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FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B

PYMNTS

The company has also been fundraising this year, including a $600 million round from April, from investors Andreessen Horowitz and Sequoia Capital, which afforded the company's current $36 billion value. General Catalyst, Founders Fund and Khosla Ventures also participated, Bloomberg wrote.

Fintech 294
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Whole Foods Might Take Over Many Sears, Kmart Stores

PYMNTS

BMO Capital Markets revealed the prediction in a note to clients on Wednesday (April 10), basing its findings on the demographics of those particular department stores, as well as the fact that there isn’t another Whole Foods store within a three-mile radius.

Retail 178
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Mortgage Lender LoanDepot Looks Toward $15B IPO

PYMNTS

We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. the San Francisco-based peer-to peer lending firm and OnDeck Capital, the New York-based online small business lending company, which went public at the time were already trading down, Housing Wire reported.

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

BankUnderground

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. Although capital standards existed before 2010, they were significantly weaker.

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