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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Operational Risk: Lastly, the OCC mentioned an increase in operational risk, and its intent to focus on: • Significant growth areas, new products, new or expanded services and changes in strategic direction. Many of the issues which the OCC will be focusing on ring true for all banks regardless of regulator and region.

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Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

PYMNTS

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. Pennsylvania reported similar figures, with tax revenues from brick-and-mortar gambling declining to $50.5

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COVID-19 Disrupts Leisure In US, But China Expects ‘Revenge Travel’ Boost

PYMNTS

In the keystone state, the Pennsylvania Gaming Control Board data indicates that COVID-19 casino closures ordered in March caused a 51 percent fall in revenues for the month, The Daily Times reported. The biggest theater operator around the world, AMC Entertainment Holdings Inc., Statewide revenue for all casinos was $153.4

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The Philadelphia Real Estate Investment Trust (PREIT) owns 17 malls surrounding the New York-New Jersey-Pennsylvania corridor, with a smattering of properties near Detroit and Washington, DC. And the United States is filled with other shopping options, particularly in the most desirable regions. “If

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity. We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty.

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Latin America Enjoys A Boost In Its Digital Prospects

PYMNTS

Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates. In a recent interview, published by Knowledge@Wharton , he said there are about 40 companies operating in the same rough spaces as PagSeguro with annual revenue of at least $250 million.

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Memorial Day: Remember Maurice "Maury" Hukill

Jeff For Banks

Maurice "Maury" Hukill was born and raised in Elizabethtown, Pennsylvania. He was a 2nd lieutenant in the 24th Marine Amphibious Unit from Camp Lejeune, North Carolina, that was dispatched at the request of Lebanon to Beirut to keep the peace in the midst of factional fighting, religious zealotry, and regional strife.