News Topic: BankThink

The billionaire investor and entrepreneur sees problems with small businesses having to apply for loans to get coronavirus relief. He says a more efficient approach would be to let them run negative balances on their bank accounts. ... Read full article

Lenders are being urged to prepare applications for the latest version of the Paycheck Protection Program. ... Read full article

Lenders are set to flood the SBA with new PPP applications; long nights and weekends the new normal; Fifth Third rethinks new-branch designs in light of coronavirus; and more from this week's most-read stories. ... Read full article

Betterment has debuted a bank account, in conjunction with partner nbkc bank in Kansas City, Mo., that is targeted at millennials and marketed as a complement to its long-term savings products. ... Read full article

The bureau said it began developing the standards before the coronavirus pandemic. But more transfers may occur as some servicers struggle to meet their obligations during their economic downturn. ... Read full article

The Georgia bank could rely more on drive-through-only branches, trim office space and reassess staffing levels after the coronavirus crisis, according to Kessel Stelling. ... Read full article

More details have emerged about the damage the coronavirus pandemic is inflicting on the hospitality industry. One servicer alone has received 2,000 workout requests in the past month. ... Read full article

The central bank said customers will be able to make more transfers and withdrawals "at a time when financial events associated with the coronavirus pandemic have made such access more urgent." ... Read full article

Johnny Allison, the Arkansas company's chairman and CEO, agreed to reduce his base salary by 20%. ... Read full article

The neobank, which has been operating in the U.S. since last year with partner Sutton Bank, hopes to get a bank charter within two years. ... Read full article

Economists also expect the Fed's balance sheet to more than $10 trillion as policymakers look to lift the country from a recession brought on by the coronavirus pandemic. ... Read full article

The former CEO at The Federal Savings Bank, who faces a bribery charge in connection with loans to President Trump's onetime campaign chief, is seeking to keep evidence from his phone out of the upcoming trial. ... Read full article

The Treasury secretary said recent government moves will help the firms get through the risk of millions of borrowers missing their loan payments. ... Read full article

"We're now in a different world," Stephen Squeri, chairman and CEO of Amex, said during the card brand's first-quarter earnings call. ... Read full article

Banks would have drowned if lawmakers hadn't delayed the new accounting standard during the coronavirus pandemic. ... Read full article

The bill, which President Trump is expected to sign Friday, includes $310 billion more funding; the four largest U.S. banks took in $590 billion of the $1 trillion banks attracted. ... Read full article

The company reported a loss of $1.3 billion in the first quarter after setting aside more than $5.4 billion for potential loan losses. ... Read full article

The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks. ... Read full article