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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. This is a time for action.

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New York Seed Investors Stayed Strong in 2016 As Others Stepped Back

Bank Innovation

Top seed investors in the New York startup community showed their muscle in the final quarter of 2016 and are likely to continue doing so in the coming year, says a new report from Primary Venture Partners. Among the winners in an otherwise difficult year for startups were fintech companies like Read More.

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OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

Perficient

The Office of the Comptroller of the Currency (OCC) has released 16 Community Reinvestment Act (CRA) performance evaluations. Capital One, National Association. Capital One Bank (USA). Community Development Bank FSB. These evaluations are based on on-site examinations by OCC-trained staff. eleven were rated Satisfactory.

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Starbucks Launches $100 Million Fund To Support SMBs

PYMNTS

The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Access to capital is especially important amid worries of a second lockdown. Starbucks announced on Tuesday (Jan.

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Bank Failure and Predictors of Performance

South State Correspondent

The Federal Reserve Bank of New York published three articles on why banks fail (the first one here ). We will focus on how this research can help community bankers make decisions today to avoid business mistakes and achieve higher performance for their institution. However, net interest margins (NIM) are stable.

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Tech Center: New York City Takes on Tech Full Force

PYMNTS

For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. trillion (2012). percent (2015).

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Seed Capital Investors Focused on Fewer, Bigger Deals in 3Q

Bank Innovation

As expected, third-quarter seed funding dropped sharply in the third quarter in New York’s Silicon Alley. The numbers raise an interesting question: Is the venture community trying to cure the indigestion it got by swallowing too many new companies like a Read More.

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