2020-03-26
Corporations have tapped more than $124 billion in lines in the past three weeks; rating agency says virus “could wipe out a full year of U.S. banking profits.”
Read More from: BankThink
2020-03-26
Last night we blogged about the $2 trillion COVID-19 stimulus bill that proposes to increase the SBRA small business debt limit in Subchapter V Chapter 11 bankruptcy cases from approximately $2.7 million to $7.5 million, at least for the next year
Read More from: Plan Proponent
2020-03-25
While analysts agree banks are in better shape than in 2008, lawmakers are dusting off a crisis-era tool used by the Federal Deposit Insurance Corp. to soothe potential liquidity fears during the coronavirus pandemic.
Read More from: BankThink
2020-03-25
Today on Yahoo! Finance, Gordian Group’s President, Peter S. Kaufman discussed the impact of the Coronavirus on the US economy.
Read More from: Gordian Group
2020-03-25
With seven in 10 rooms sitting empty amid the coronavirus outbreak, hotel and banking groups are urging policymakers to open up the Term Asset-Backed Securities Loan Facility.
Read More from: BankThink
2020-03-25
The company is one of the first to share information on impacted clients, forbearance requests and emergency loan applications.
Read More from: BankThink
2020-03-25
JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with 200 state-chartered banks and credit unions, have agreed to let borrowers skip payments for 90 days if their finances have been upended by the pandemic.
Read More from: BankThink
2020-03-25
Alliance Data Systems, which has substantial exposure to the mall-based retail sector, sought Tuesday to assuage investors' fears about the impact of the COVID-19 outbreak.
Read More from: BankThink
2020-03-25
Bankers will be pressed on upcoming earnings calls to forecast how the coronavirus pandemic — and the government's response — will shape credit quality, margins and fee income.
Read More from: BankThink
2020-03-25
Policymakers should abolish the new accounting standard because it could distract banks at exactly the moment they need to be focused on pulling their communities from the brink of recession.
Read More from: BankThink
2020-03-25
Many banks are offering low-interest loans to help consumers and small businesses withstand the economic shocks of the pandemic.
Read More from: BankThink