2020-03-27
What banks need to know about the coronavirus stimulus package; tech vendor Finastra hit with ransomware attack; bank CIOs confront challenge of so many employees working at home; and more from this week's most-read stories.
Read More from: BankThink
2020-03-27
Many argue the economic turmoil from the pandemic makes the Comprehensive Capital Analysis and Review irrelevant this year, while others say testing banks’ capital strength is crucial now more than ever.
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2020-03-27
On March 26, 2020, the Senate approved a roughly $2 trillion stimulus package—the biggest economic stimulus in recent U.S. history—in response to the COVID-19 pandemic.
Read More from: Squire Patton Boggs
2020-03-27
Founder Brett King will now focus on the enterprise software side of the business, which provides mobile banking software to traditional banks.
Read More from: BankThink
2020-03-27
The $2 trillion stimulus package, which the House passed earlier in the day, aims to expand Federal Reserve liquidity resources and provide financial institutions with some regulatory relief.
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2020-03-27
CEO Brian Moynihan also said in an interview that the bank is helping clients affected by the coronavirus pandemic through increased commercial lending to companies and expanded forbearance for Main Street customers.
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2020-03-27
Regulators are allowing banks that implemented the loan-loss standard to forestall any capital hits until 2022.
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2020-03-27
Online lenders can help the agency distribute loans faster as it gets set to deploy emergency funding to small businesses.
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2020-03-27
Thousands of bankers are set for a reprieve as Citigroup, Wells Fargo and Morgan Stanley joined European lenders in pledging to preserve jobs amid the widespread impact of the coronavirus.
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2020-03-27
Citigroup CEO says it’s a “fine line” between supporting customers and burdening them with debt; Goldman gives away 600,000 N95 masks it had from prior scares.
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2020-03-26
The novel coronavirus poses not only an unprecedented health crisis, but an unprecedented financial crisis as well. Can we forestall a worst-case scenario?
Read More from: BankThink
2020-03-26
An uptick in closings is likely, but how many institutions go under and how fast will depend on a variety of factors, including the duration of the pandemic.
Read More from: BankThink