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Lockdowns Drive Lower Revenues For ATM Owner Cardtronics

PYMNTS

We also believe that this crisis will likely accelerate the trend of bank branch transformation as several leading retail banks have already closed significant portions of their branch locations, and it is unclear how many of these will reopen when the pandemic has passed.” . Cardtronics reported GAAP net income of $5.8 million, or $0.13

ATM 131
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Credit Issues Stalk Malls And Anchor Tenants

PYMNTS

On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. Once seen as the least risky tenant of all, they are now the greatest question mark.

NJ 132
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Banker Quotes: As Told To Me v5

Jeff For Banks

It took US Bank two years to evict Kiss'' Ace Frehley from his house after he stopped making payments and paying taxes. NJ Bank Exec: We have a handful of shore loans where we not only can''t find the building, we can''t find the land. Retail Banking Exec: Until today retail deposit products were driven by the land of the free.

NJ 81
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

In the late 90s, low interest rates made speculative equity investments more attractive than bonds, and at the same time, innovative internet companies grew in popularity among retail investors, professional traders, venture capitalists, and the like (familiar?). We thought our customers would stay with our bank, no matter what.

FDIC 60