2020-05-05
The largest U.S. banks stepped up lending to dominate the government's small-business rescue program after playing an undersized role in its early days.
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2020-05-05
U.S. banks under $10 billion in assets made 60% of the loans in the first round of the Paycheck Protection Program; things go relatively smoothly in the U.K. as 110,000 small businesses apply for low-cost loans.
Read More from: BankThink
2020-05-04
The central bank’s programs announced since mid-April in response to the coronavirus outbreak match if not exceed the actions it took during the 2007-9 financial crisis.
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2020-05-04
Kyum Kim, co-founder of online professional network Blind, describes the impact of the coronavirus pandemic's enforced quarantine on people who work in financial services.
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2020-05-04
The Illinois company will sell Bates Cos. to an undisclosed buyer less than two years after buying the wealth management firm.
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2020-05-04
The Wisconsin regional said the funds will support loan growth and its dividend policy as well as create an added capital buffer.
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2020-05-04
Recent breaches and a pandemic-driven strain on cloud computing seemed to prompt a regulatory warning that banks, tech vendors and cloud hosts share an obligation to safeguard customer data — no matter where it resides.
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2020-05-04
Banking regulators restored the scandal-plagued bank's score three years after assigning it the lowest possible rating under the Community Reinvestment Act.
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2020-05-04
Stay-at-home orders and business shutdowns have led to a sharp decline in consumer use of credit and debit cards.
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2020-05-04
Payday Loan LLC, which engages in lending and check cashing in 22 stores in California, sued the SBA on April 25 after its request for a $644,000 loan from the Paycheck Protection Program was denied.
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2020-05-04
Mortgage lenders have imposed steep pricing adjustments for cash-out refinancing as more borrowers seek forbearance.
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2020-05-04
After the pandemic, when the economy lurches back into motion, bankruptcy lawyers will confront a clutch of troubled Chapter 13 cases.
Read More from: Bankruptcy Mastery
2020-05-04
Lenders implemented stricter underwriting across all loan types in the first quarter as the pandemic upended the economy, the Federal Reserve said in its survey of loan officers.
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2020-05-04
Some megabanks are pushing New York lawmakers to add a legal safe harbor if lenders use the new Secured Overnight Financing Rate. Smaller banks would have little choice but to take that option.
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2020-05-04
Lenders are throwing money at buyers with stable jobs while making it harder for weak borrowers to get loans; $50 billion in loss provisions may not be enough and could stifle lending.
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2020-05-04
The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.
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2020-05-04
As the economic fallout from the COVID-19 pandemic continues to rise – for example, J.
Read More from: Krieg DeVault
2020-05-03
Many banks are slashing their spending. Others are changing their messaging strategies. And those that banks partner with pro sports teams are stuck in limbo, since it remains unclear when games will resume.
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