Lynne Marek
Payments Dive
Chicago, IL, United States
Contact Lynne
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Past articles by Lynne:
ATMs headed the way of the payphone
As cash use declines, ATMs are disappearing. The U.S. count for such automated tellers peaked in 2019 and is headed down, according to data from the research firm Euromonitor International. → Read More
Why is Northwestern flunking 2020?
Campus unrest, a tuition flip-flop and large-scale layoffs call into question Morty Schapiro's leadership. → Read More
It's a great time to be an options trader
Local firms have pocketed profits and expanded operations in a record boom after several tough years. → Read More
Smaller U of I System budget includes $270 million for COVID-19 costs
The University of Illinois System, including three public university campuses in the state, approved a budget that is around 3.3 percent lower than last year's. → Read More
Citadel, Citadel Securities opening Paris office
The two financial firms founded by Chicago billionaire Ken Griffin are expanding their presence in Europe. → Read More
State's biggest pension records second-lowest returns of the decade
Unfunded pension liabilities at the Teachers' Retirement System of Illinois rose $2.6 billion. → Read More
Thoma Bravo raises $22.8 billion
The Chicago private-equity firm raised the money across three funds that will keep up a heady pace of investing in large and middle-market software companies. → Read More
UIC to build $115 million computer science center
Despite the fiscal challenges caused by the pandemic, the University of Illinois at Chicago plans to meet rising demand for the most popular major in its College of Engineering. → Read More
Too much COVID stimulus? Sam Zell says yes.
Speaking at a conference, the billionaire real estate investor blasted Washington and warned of "disastrous" debt. → Read More
RedShelf lands $10 million Pritzker investment
The digital coursework startup is getting lots of private equity and venture capital offers, but RedShelf's CEO says he prefers the backing of wealthy family investors. → Read More
Citadel Securities getting bigger with a purchase
The Chicago market-making giant plans to snap up IMC's New York Stock Exchange market-making unit and reinforce its own dominant position in that market. → Read More
Is Trading Technologies for sale?
The Chicago trading software firm may be sold soon, according to a report. The company's response: It's always exploring new partnerships. → Read More
GCM posts profit ahead of public listing
One of the biggest asset managers in Chicago reported second-quarter profit of nearly $6 million. → Read More
A $1.5 billion deal in for-profit education
Chicago-based Adtalem is making an acquisition to further bolster its focus on health care programs. → Read More
CME to launch volatility index futures contract
The futures exchange operator said it will base the new contract on the Nasdaq-100 Volatility Index, VOLQ. → Read More
CME jumps into Cboe's pool
The futures exchange operator is getting into the volatility business in part because another key business is slumping. → Read More
Allston Trading taps new CEO
The board of the mid-sized Chicago trading firm appointed Nancy Laethem Stern as CEO, making her one of the few female leaders to rise to the top in the male-dominated industry. → Read More
GCM Grosvenor to become public company
The Chicago asset manager is merging with a special-purpose acquisition company sponsored by Cantor Fitzgerald. Michael Sacks and his management team will continue to lead the business. → Read More
Hightower takes stake in Dallas-based Frontier Investment
The investment is the third this year for Hightower, which is battling other companies to buy up smaller competitors. → Read More
Chicago seeks a share of millions in quantum research funding
The University of Chicago hosted the U.S. Energy Secretary today as the school pursues federal dollars from the Trump administration’s National Quantum Initiative. → Read More