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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

“The experience of the mall CMBS [commercial mortgage-backed security] from Starwood is certainly symptomatic of the larger narrative,” said Christopher Sullivan, chief investment officer of United Nations Federal Credit Union, as reported in Yahoo! But apparently they’re doing something right in Philadelphia.

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A New Era for Business Continuity Management for Community Financial Institutions

Jack Henry

The US banking industry has been a vital part of our nation all the way back to 1780 when the Bank of Pennsylvania was founded by Philadelphia merchants to fund the American Revolutionary War.

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Today In Retail: UK Merchants Brace For Lockdown, Mall Groups File For Chapter 11 And Brands Will Be Big This Holiday

PYMNTS

are getting ready for another national lockdown as coronavirus cases continue to rise in that nation. the mall companies, Philadelphia-based PREIT and Tennessee-based CBL & Associates both announced they would be filing for Chapter 11. Amid a resurgence of COVID-19 cases, a new national lockdown was announced in the U.K.

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Philly Fed Chief: Workers Need New Skills For Economic Growth

PYMNTS

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, told Bloomberg on Tuesday (Nov. The ADP National Employment Report in September indicated the U.S. Job retraining and new skill sets are necessary in order to promote economic growth in the U.S., On the upside, new jobless claims dropped in October to 6.9

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Businesses, Consumer Groups Push To Keep Cash Alive

PYMNTS

Preserving cash has proved popular among several states, including New Jersey and cities like New York, San Francisco and Philadelphia, which have all passed laws mandating that cash be accepted everywhere. This law will establish sound and consistent guidelines to help preserve a nationwide option for consumers to pay with cash.”.

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PA Fed Pres Says Digital Currency Inevitable, But US Shouldn’t Lead

PYMNTS

While Philadelphia Federal Reserve Bank President Patrick Harker believes it’s “inevitable” that central banks will eventually issue digital currencies, he warned that the United States shouldn’t be first in line.

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Senators Push For Bill That Would Force Retailers To Accept Cash

PYMNTS

“We’re most encouraged to see such widespread bipartisan support for the Payne bill,” Bruce Renard, executive director of the National ATM Council, a coalition member, said in May. State laws to protect cash have already been passed in Massachusetts, New Jersey, New York City, San Francisco and Philadelphia.