2020-03-24
The central bank will prioritize monitoring and outreach while reducing examination activity due to the coronavirus pandemic until at least the end of April.
Read More from: BankThink
2020-03-24
In order to properly address the impact of the Covid-19 crisis on today’s capital markets, the Structured Finance Association (“SFA”) is urging the Board of Governors of the Federal Reserve System and the U.S.
Read More from: Bankruptcy and Restructuring Blog
2020-03-24
It joins a growing list of banks temporarily shuttering branches as the novel coronavirus continues to spread across the country and more Americans stay home.
Read More from: BankThink
2020-03-24
Citi is beefing up leadership in its consumer card lending operations by recruiting Chase exec Pam Habner — credited with engineering the success of Chase’s Sapphire Reserve card — and former Citi exec Chris Fred, who will return after several mon
Read More from: BankThink
2020-03-24
The coronavirus stimulus package has resurrected calls for the U.S. government to offer a central bank digital currency, public mobile wallets and postal banking—controversial ideas that are hard to pull off, but exist outside the U.S.
Read More from: BankThink
2020-03-24
Answer: No
(This post borrows heavily from the ideas of my co author, Ugo Panizza, of the international economics department of the Graduate Institute in Geneva).
Read More from: Credit Slips
2020-03-24
The bank has asked managers review job postings and pull listings for roles that don’t need to be filled immediately, according to people familiar with the matter.
Read More from: BankThink
2020-03-24
The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only.
Read More from: BankThink
2020-03-24
Damon Silvers, the AFL-CIO's Policy Director and former Vice-Chair of the Congressional Oversight Panel, has a really important column about the oversight lessons from the 2008 bailout.
Read More from: Credit Slips
2020-03-24
A debt collection moratorium operates as float, which is needed to buy time until the relief checks start flowing. In other words, a debt collection moratorium is a form of stimulus.
Read More from: Credit Slips
2020-03-24
The legislation sponsored by Sen. Sherrod Brown, an Ohio Democrat, would require banks to offer the accounts so that consumers could easily access cornonavirus relief funds without turning to high-cost check cashers.
Read More from: BankThink