SWBC's LenderHub

MARCH 13, 2020

As our leaders in Washington DC bicker over a fiscal response to COVID-19, mostly coming up with ideas that look to win votes (payroll tax holidays, guaranteed sick leave for everyone, tax credits for affected companies) as opposed to actually saving the economy from a credit induced depression, it looks like it is on the Fed again to do the job.

DC 78

DC Taxes Washington Company 78

PYMNTS

FEBRUARY 8, 2019

The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated. Participants in the round also included 42K Investimentos, Chromo Invest and Capital Labs, as well as previous backers Yellow Ventures and Osher Tech.

Fintech 188

Fintech Capital New York City Analysis 188

Independent Banker

APRIL 30, 2022

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. Less than $300 million.

Community Bank 172

Community Bank Community Montana Taxes 172

PYMNTS

APRIL 5, 2017

As a new administration settles into Washington, D.C., being told to depart as a harbinger of pressures to come, even as corporate taxes have been, as he sees it, high enough to move businesses to seek opportunities beyond U.S. are too high and cause “considerable damage,” with the impact of “driving capital and brains overseas.”.

Taxes 115

Taxes United States Washington Policies 115

PYMNTS

NOVEMBER 6, 2018

Taxes, minimum wage, global trade tariffs — there are a lot of regulatory changes weighing heavily on the minds of U.S. Dr. Jonathan Mordis, PharmD, CPh, VP of business development at Corporate Capital Direct unit Rx Fund Assist , pointed to one of the root causes of cash flow pain for independent pharmacy owners.

Capital 130

Capital Iowa Management Community 130

PYMNTS

JULY 18, 2017

And while SMEs are awaiting tax reform, this area also makes the U.S. A recent survey from the National Federation of Independent Businesses found that “frustration over gridlock in Washington” forced SME optimism to dip last month. “One, I think, is complexity,” the CEO said.

Software 109

Software Taxes Capital Policies 109

PYMNTS

APRIL 10, 2020

While they will lack the sheer financial clout of federal assistance, they are starting to offer strategies beyond capital infusions that will assist in restarting small business when the crisis passes. Several examples have shown up over the past week. economic policy think tank the Brookings Institute. And speed is of the essence.

Maine 141

Maine Seattle San Francisco New York City 141

Independent Banker

DECEMBER 28, 2015

We certainly closed out 2015 with great wins in Washington, so I want to thank so many of you who stepped up to make change happen last year. For more, read this month’s Washington Watch column). Last year’s community banking successes showed firsthand the outsized reputation and influence we have in our nation’s capital.

Community Bank 70

Community Bank Washington Community Ohio 70

South State Correspondent

MARCH 15, 2023

It turns out that confidence is more valuable than capital. The ratio would provide a bank’s current core capital position to risk-adjusted assets. You did not see this kind of support during the failure of Washington Mutual, and you didn’t see it with Silvergate or Signature Bank.

social media 195

social media FDIC Branding Management 195

PYMNTS

APRIL 27, 2016

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. Now legal in 23 states, with recreational use also legal in Alaska, Colorado, Oregon and Washington, marijuana is very much still a cash-based business.

Taxes 100

Taxes Colorado Alaska Cards 100

PYMNTS

JULY 23, 2019

(For those who missed it, PYMNTS published a recap of Libra’s week in Washington.). Libra is running into reticence internationally as monetary organizations all over the world are raising concerns of regulatory obstacles and tax challenges.

cryptocurrency 111

cryptocurrency Study Guidelines Washington 111

PYMNTS

DECEMBER 12, 2019

Reports in Bloomberg Tax this week said SEC Corporation Finance Deputy Chief Accountant Lindsay McCord spoke Tuesday (Dec. 10) during the American Institute of CPA’s (AICPA) annual conference, held in Washington D.C.

Tools 145

Tools Report Strategy Washington 145

PYMNTS

MAY 8, 2020

Smith pointed to it as an example of how state and local governments can leverage their positions to fix “new and legacy issues exposed by the crisis related to the supply chain, access to capital for people of color and women and social program eligibility requirements.”. There is no shortage of other larger scale ideas.

Maine 142

Maine Groups San Francisco Lending 142

Independent Banker

MARCH 31, 2022

ICBA president and CEO Rebeca Romero Rainey, Washington, D.C. We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. For instance, ICBA is calling for congressional hearings on the credit union tax exemption. Coldwater, Ohio. Grand Rapids, Minn.;

Community Bank 239

Community Bank Community Industry Texas 239

TrustBank

DECEMBER 8, 2022

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. Because of this, the government will often encourage consumerism through policy by punishing both savers (lowering interest rates) and investors (raising capital gains taxes).

US 52

US Policies Taxes Washington 52

PYMNTS

NOVEMBER 14, 2018

The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., billion refundable tax credit is reportedly based on the “percentage of salaries Amazon expects to pay employees over the next decade, or $48K per job for 25K jobs.”

New York City 122

New York City New York Virginia Chicago 122

PYMNTS

MARCH 22, 2017

The funding will help with upfront capital provided to those farmers. Within banking, SolarisBank garnered $28 million, with venture capital provided by Arvato Financial Solutions, among others, which will be taken to expand the European technology platform, furthering geographic reach. Earlier this month, Baker Technologies raised $3.5

Technology 119

Technology Colorado Tools Denver 119

Independent Banker

JULY 29, 2016

Around the Table—Wisconsin community bankers work with legislative staff members on Capitol Hill during ICBA’s Washington Policy Summit. Here’s an outline of the key activities ICBA’s advocacy team in Washington, D.C., 812) and the Community Bank Access to Capital Act (H.R. Washington Policy Summit. 1233 and S.

Community Bank 70

Community Bank Community Washington FDIC 70

CFPB Monitor

JULY 21, 2022

Clearly: if eventually passed, this amendment will change the landscape of professional service providers, including tax return preparers with foreign clients, and payment processors. Requirements. Here, the amendment does provide the Secretary and FinCEN with its typical discretion.

United States 78

United States Taxes Regulation Compliance 78

Jeff For Banks

JANUARY 19, 2013

The “Fiscal Cliff” Who in their right minds would have so many critical tax codes and laws expiring all on the same year-end date? Higher wage earners will see an increase in the top tax bracket, from 35% to 39.6%, and an increase in their capital gains and investment income levels from 15% to 20%. Oh, wait, our Congress!

Taxes 68

Taxes Philadelphia DC New Jersey 68

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. In Washington, we will feature a session that highlights a use case from a leading APAC-based bank.

Compliance 40

Compliance DC Washington Regulation 40

Fintech Labs Insights

SEPTEMBER 22, 2016

Avalara , an innovator in automated tax management for small businesses, raised $96 million in new funding from a group of investors including Warburg Pincus, Sageview Capital, and Technology Crossover Ventures this week. Avalara’s total capital raised is more than $318 million. billion in taxes in 2015.

Taxes 12

Taxes Seattle Compliance Capital 12

Jeff For Banks

JULY 9, 2012

Second Quarter Surprises We received two big surprises at the end of the second quarter — one from Washington and one from an ocean away. On June 28th, the Supreme Court upheld the Affordable Care Act as constitutional, calling penalties on individuals for failing to purchase health insurance a “tax.”

Taxes 64

Taxes Washington Risk Management Marketing 64

PYMNTS

MAY 24, 2019

Bartlett said Walmart didn’t receive any “special packages or tax breaks that were out of the ordinary” when building its campus, a not-so-thinly veiled jab at Amazon — whose financial incentive package with New York City causes such massive local uproar that Amazon was eventually persuaded to pull the project entirely. million hourly U.S.

New York 109

New York New York City Vermont Meeting 109

PYMNTS

FEBRUARY 20, 2018

Capital One , for example, opened the year with earnings that reflected higher quarter-over-quarter and year-over-year defaults, and a jump of 5 percent in credit loss provisions. The tax cuts enacted last year also may make consumers more prone to consumption, with a bit more in the till to dole out to retailers and sundry merchants.

Lending 105

Lending Cards America New York 105

Fintech Labs Insights

MAY 19, 2016

HQ: Seattle, Washington. Income tax service. HQ: Washington D.C. AI for capital markets news. Tags: Consumer, SMB, accounting, bookkeeping,, tax returns, tax prep. Source: Crunchbase. International payments service. Latest round: $38.5 million Series C. Total raised: $61.5 Source: Crunchbase. million Seed.

San Francisco 18

San Francisco Company Fintech California 18

Fintech Labs Insights

SEPTEMBER 1, 2016

The fintech sector attracted $332 million in new capital the first week of August. Four of those came out of the most recent batch of companies launched from accelerator 500 Startups , where each received $125,000 in seed capital. Middle market capital matchmaker. HQ: Seattle, Washington. Self-employment tax payments.

New York City 18

New York City Company Fintech Comparison 18

CB Insights

FEBRUARY 28, 2019

Brown, instead of managers getting stock options or guaranteed bonuses, every manager got paid $7,800 a year (the equivalent of about $14,500 today), plus “a designated percentage of the profits of the company after these are reduced by a charge for capital employed.”. The result of this type of plan was to make each manager at H.

Omaha 78

Omaha Company Capital Management 78

Jeff For Banks

OCTOBER 11, 2011

Liquidity is becoming a problem for these banks, and with their stocks battered daily, they have no ready sources of capital. This will act like a tax cut at just the time when it seems Washington DC will not provide one. There has been a lot of talk about rescues from the European Union, but the markets want action.

DC 64

DC Security Washington Risk Management 64

CB Insights

JUNE 6, 2019

As the company’s war chest dwindled toward the end of 2018, it could not secure extra capital to continue financing operation — largely because investors had tired on the structural and competitive problems outlined above. Magazine, and the company picked up $40M in VC capital from Index Ventures.

Apple 78

Apple Branding Google Company 78

PYMNTS

JANUARY 13, 2021

While attracting individuals is one thing, the real whale hunt involves landing companies, and few places are going after it harder than the orange capital of the world. Silicon Valley North. New employee migration data from LinkedIn shows that Seattle added 2.2

Seattle 180

Seattle Florida San Francisco New York 180

CB Insights

JUNE 14, 2018

The Washington-based company has raised $6M to date from Vulcan Capital, among others. Vulcan Capital, the private equity arm of Vulcan, made early bets in Seattle on downtown commercial real estate now largely occupied by Amazon. Series A from Alrai Capital, Bullpen Capital, Invest AG, and Y Combinator.

Seattle 56

Seattle Capital Industry New York 56

PYMNTS

MARCH 6, 2019

Business advocacy groups are fighting a proposed financial transaction tax aimed at limiting high-frequency trading, and decreasing the budget deficit. However, many business advocacy groups are coming out against the proposed tax, including Modern Markets Initiative (MMI), which advocates for high-frequency trading. ”

Taxes 109

Taxes Groups Maine Washington 109

CB Insights

MAY 23, 2019

Crescent Ridge Capital Partners’ elaborate Ponzi scheme. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Select Investors: AllianceBernstein, Lightspeed Venture Partners, Glade Brook Capital Partners.

Fraud 78

Fraud Las Vegas Company Capital 78

Gonzobanker

DECEMBER 19, 2017

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Executioner’s Tax (Swing of the Ax) – Power Trip. For the teary-eyed family values patriots.

Conference 85

Conference Industry Community Bank Community 85

PYMNTS

APRIL 2, 2018

According to reports last week , China’s Commerce Ministry is urging Washington to nix considerations for hiked trade tariffs or risk setting up a global chain reaction of disruption. China vowed to “fight to the end” to avoid those taxes, according to the South China Morning Post. in 2016, with exports hitting $1.54

US 100

US Taxes Washington Data 100

PYMNTS

JANUARY 21, 2017

That is the estimated total cost of the inauguration that took place in the nation’s capital yesterday. That is the estimated total cost for the city of Washington, D.C. Contributions are not tax-deductible. This is the number of inaugural balls George Washington attended. 30 Million. to host the inauguration.

Washington 100

Washington United States New York City America 100