BankThink

Fed goes all in; Santander chief takes pay cut

03/24/20

The Fed announced several new lending facilities and virtually “unlimited” purchases of Treasury bonds; Ana Botín will donate the money to a coronavirus fund.

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Banks get break they needed on loan workouts

03/23/20

Regulators' decision to delay reporting for troubled-debt restructurings should allow banks and credit unions to be more nimble modifying loans impaired by the coronavirus outbreak.

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Fed moves telegraph fears of prolonged liquidity crisis

03/23/20

The central bank's sweeping actions suggest a cash shortage gripping sectors directly hit by the pandemic. Banks were supposed to be protected by Dodd-Frank but are still vulnerable to a funding domino effect.

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Dems' bid to pause negative credit reporting gets pushback from industry

03/23/20

Congressional Democrats want forceful action to prevent damage to millions of Americans' credit scores during the COVID-19 pandemic. But the credit bureaus argue that the tools needed to protect consumers are already in place.

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Cheat sheet: What's at stake for banks, customers in stimulus battle

03/23/20

Congressional proposals could expand Federal Reserve liquidity support, delay a new credit loss accounting standard, provide certain accounts with unlimited deposit insurance and more to help businesses and consumers reeling from the coronavirus outbreak.

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Fed’s Bullard calls for three-month work break to fight pandemic

03/23/20

The adjustment period would call for special policies from Washington to protect households and businesses from the massive shutdown necessary to reduce the spread of the coronavirus, James Bullard said in a posting on the bank's website.

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Bank tech vendor Finastra hit with ransomware attack

03/23/20

The attack knocked out core and mobile banking systems at several U.S. banks, and Finastra is working to get them up and running.

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A comeback for a crisis-era small business loan program?

03/23/20

Some industry observers are calling on the Treasury Department to bring back the Small Business Lending Fund to help small companies stay afloat during the coronavirus pandemic and get back on their feet once the crisis passes.

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Mortgage bond sales flood market, sparking pleas for U.S. help

03/23/20

The rush to unload mortgage-backed securities signals that a credit meltdown that began with corporate bonds is spreading to other corners of the market.

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Bankers need to come at this crisis from a different perspective

03/23/20

The coronavirus is changing how consumers interact in branches and banking online. Bank leaders should be prepared.

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