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
2020-08-11
This article originally appeared at Marketwatch.com on August 11, 2020, at https://www.marketwatc
Read More from: Shenwick & Associates
2020-08-11
Many banks buy modeling tools from vendors to help detect new areas of risk, fraud and profitability without realizing their existing systems are capable of doing the same.
Read More from: BankThink
2020-08-11
The card giant could pay $850 million in cash for the online small-business lender, according to a person familiar with the talks.
Read More from: BankThink
2020-08-11
The promise, made by the chief executive officers of 27 companies including JPMorgan Chase, Citigroup and Bank of America, is part of a new initiative called the New York Jobs CEO Council.
Read More from: BankThink