Medallion Financial Becomes House Of Cards As Ride-Hailing Apps Hammer Yellow Taxi Market

By Alexander Gladstone The competitive damage that ride-hailing apps such asUberandLyfthave inflicted on the legacy taxicab business now threatens to toppleMedallion Financial, a complex entity heavily exposed to taxi medallion financing, four sources following the company told Debtwire. Medallion Financial, controlled by the Murstein family of New York, traces its roots to