BankThink

Consumers anxious about virus want reassurance from banks: J.D. Power

03/17/20

Customers are increasingly concerned about taking a financial hit from the COVID-19 crisis and want to know more about fee waivers, credit-line increases and other things banks could do for them.

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What else can the Fed do to blunt coronavirus impact?

03/17/20

The Federal Reserve's support for the commercial paper market made clear that it was willing to go beyond cutting interest rates, but the central bank may feel pressure to do even more as the crisis worsens.

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Agencies encourage banks to use their capital to boost lending

03/17/20

Regulators issued a rule that gives banks the OK to dip into capital to help households and businesses cope with the economic impact of the coronavirus.

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HSBC names caretaker Noel Quinn as permanent chief executive

03/17/20

Quinn served as acting CEO since August, when John Flint was ousted over concern he couldn't lead the bank through an increasingly treacherous series of economic challenges.

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Wells Fargo cancels $15 million bonus to former CEO Tim Sloan

03/17/20

After resigning last year under pressure from federal policymakers, the former executive received no severance benefits or annual incentive award.

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Democratic senators quiz CFPB on its auto lending policies

03/17/20

Sens. Sherrod Brown and Elizabeth Warren criticized Director Kathy Kraninger for not issuing any public enforcement actions against auto lenders during her tenure.

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Ex-PayPal CEO Bill Harris launches neobank for struggling households

03/17/20

The serial entrepreneur has created a challenger bank called One for middle-income people with complicated financial lives.

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Fed to create emergency backstop for commercial debt market

03/17/20

The central bank said it was establishing the Commercial Paper Funding Facility to "support the flow of credit to households and businesses."

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How regulators can kick COVID-19’s bank shock into remission

03/17/20

There are several forbearance measures the agencies can take now to keep banks from failing in a downturn triggered by the coronavirus.

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N.Y., California want more regulation; bank stocks hammered again

03/17/20

The governors want more regulatory power as federal oversight slips; U.S. and European banks dropped sharply Monday as coronavirus-related problems multiply.

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