2020-05-05
Banks tend to pull back in times of crisis by tightening credit and focusing on collections efforts. But consumers, and not returns, must be the focus during the coronavirus pandemic.
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2020-05-05
Discover Financial Services said Thomas Maheras will serve as its chairman after the death of Lawrence Weinbach.
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2020-05-05
Marriott International Inc. raised $920 million in cash through deals with co-branded credit card companies as it rides out the pause in travel due to the coronavirus.
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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.
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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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