2020-08-13
Major payment companies have long looked on at cryptocurrencies as too risky to touch, but too tempting to ignore. Mastercard's latest move indicates that the card brands are ready to make a firm pitch for crypto spending.
Read More from: BankThink
2020-08-12
Criticized assets are on the rise, especially in commercial portfolios, and may be the forerunner of a wave of loan losses later this year or next year unless economic conditions strengthen.
Read More from: BankThink
2020-08-12
As the discredited Libor interest rate benchmark enters its last months, some banks are turning away from the repo-based alternative that regulators prefer. What could go wrong?
Read More from: BankThink
2020-08-12
With data privacy issues constantly in the news, what do businesses need to know about handling personal information when they’re considering bankruptcy, especially if some personal information – like customer records – may be a valuable asset?
Read More from: Business Finance & Restructuring News - Weil
2020-08-12
Eight of the top 15 firms increased headcount this year through June, while only four reduced it.
Read More from: BankThink
2020-08-12
This article originally appeared in the New York Times at https://www.nytimes.com/2020/08/11/nyregion/nyc-economy-chain-stores.html
Read More from: Shenwick & Associates
2020-08-12
The Paycheck Protection Program has masked what has been a year of tepid demand and tightened lending standards. And bankers aren't expecting a rebound anytime soon.
Read More from: BankThink
2020-08-12
Built to respond to borrowers' questions about mortgage deferrals, the bot created by Salesforce is evolving and in the future could conduct transactions, handle a wide range of queries or help with emergencies.
Read More from: BankThink
2020-08-12
A public-private partnership that has fewer rules and restrictions than the Paycheck Protection Program would save more small businesses.
Read More from: BankThink
2020-08-12
The head of the Federal Reserve Bank of Boston said the central bank had acquired stakes in 32 business loans as of Monday, four times the amount from two weeks earlier.
Read More from: BankThink
2020-08-12
Banks and other financial firms say the proposal to reverse restrictions on investment advisers does not go far enough. Meanwhile, investor advocates say it would loosen necessary protections.
Read More from: BankThink
2020-08-12
Dhivya Suryadevara will help the online payments company as it expands globally; the CEO has kept the bank moving forward during the pandemic while competitors have faltered.
Read More from: BankThink
2020-08-12
Chargeback requests have surged since the start of the coronavirus pandemic, as airlines have canceled flights, performers have postponed concerts and supply chain disruptions have delayed the delivery of many goods.
Read More from: BankThink
2020-08-11
A second-term Trump administration would likely continue its deregulatory efforts, focus on Fannie Mae and Freddie Mac's exit from conservatorship, and seek to facilitate fintech participation in the banking system.
Read More from: BankThink
2020-08-11
Most Americans are concerned about the impact of the pandemic and related shutdowns and business closures on the U.S. economy, and on their local economies and personal finances.
Read More from: Bonds & Botes, P.C.
2020-08-11
Theorem is marketing its first-ever securitization of unsecured loans. It uses machine-learning technology to gauge the risk of default, a growing concern during the pandemic recession.
Read More from: BankThink
2020-08-11
The coronavirus pandemic has created major credit issues at the Boston bank and stymied efforts to improve profits, fueling speculation that the onetime serial acquirer could be a takeover target.
Read More from: BankThink