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Market Commentary: Week of July 13, 2020

SWBC's LenderHub

What Happened: Despite worsening COVID news, stocks—particularly tech stocks—managed to explode higher for the week with the NASDAQ hitting another all-time high on Friday. Nationwide, daily COVID cases rose to 60,000 per day with Texas, Florida, Arizona, and California leading the way.

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Here is The Math Behind the High-Yield Account

South State Correspondent

There have been many a banker who has said they want to offer a high-yield account because the “higher interest expense is just like paying marketing costs.” However, the majority of customers require a referral, a marketing effort and a sales effort to bring them in the door. Not bad, but not great.

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Market Commentary: Week of July 6, 2020

SWBC's LenderHub

What Happened: Despite worsening COVID-19 news, stocks managed to explode higher for the holiday-shortened week with the NASDAQ hitting another all-time high on Thursday. Nationwide, daily COVID cases rose to 50,000 per day with Texas, Florida, Arizona, and California leading the way.

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Things I Wish Bankers Did Better: Project Management

Jeff For Banks

On September 17, 2021 in the Scottsdale, Arizona desert, I delivered a speech to a ballroom full of bankers titled: 5 Things I Wish We Did Better. Number 1 on that list: Project Management. We have to be able to identify, implement, utilize and market technology solutions using PPP-level speed and urgency. Can it be done?

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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264
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Eclipse Acquisition Brings Payment Alliance Int’l 15K More ATMs

PYMNTS

ATM portfolio management tools and services firm Payment Alliance International (PAI) has acquired Arizona-based ATM operator Eclipse Cash Systems for an undisclosed sum. PAI provides scale, as well as industry-leading portfolio management tools for our market partners. PAI has had a busy summer.

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Robinhood's Newest Funding Round Grows To $660M

PYMNTS

Trading FinTech Robinhood Markets Inc. We've raised an additional $460 million in subsequent closings to our Series G to support our core product and customer experience and new offerings like cash management and recurring investments,” the representative noted.

Arizona 178