Bankruptcy Blogs

The Money Market Mutual Fund Liquidity Facility, established under the central bank’s emergency authority, echoes a version that was set up during the global financial crisis.

The coronavirus outbreak has led many banks to close branches, but for those that remain open, it's a new normal.

The biggest bank in the U.S. will temporarily close 20% of its branches, following recommendations by health experts. It said it would also operate its remaining branches at reduced hours.

How can you best protect yourself when the national and local economies are rocked by unexpected disruptions?

Almost overnight, the spread of the COVID-19 coronavirus has decimated dozens of industries – food service, hospitality, retail, transportation, education, government and any business that relies on face to face interaction.

While the government is promising some relief and some creditors are offering short term deferments, the likelihood is that business will not return to normal anytime soon and that we have entered into a “new normal.”

FHFA Director Mark Calabria said the health crisis will complicate the release of a proposal establishing new capital requirements for Fannie Mae and Freddie Mac.