Commercial lending

Banks, borrowers still on fence about middle-market rescue plan

05/04/20

The Fed has tweaked its Main Street Lending Program to stir more enthusiasm, including the creation of a third financing option for larger companies. Will it make a difference?

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Wells' ho-hum annual meeting, Cuban’s PPP alternative, hotel lenders' pain: Top stories of the week

05/01/20

There were few fireworks at Wells Fargo’s first annual meeting under new CEO Charlie Scharf; billionaire investor and entrepreneur Mark Cuban pitches Fed-backed overdraft protection; as hotels sit empty, loan delinquencies pile up; and more from this week’s most-read stories.

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BankUnited, Cadence feeling restaurants’ pain from pandemic

04/29/20

The lenders are bracing for spikes in delinquencies or defaults on loans to a sector heavily punished by social distancing measures.

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Banks are waiving overdraft fees. Should they be doing more?

04/28/20

Some bankers, economists, policy experts and even Mark Cuban say that creative uses of overdraft programs could be lifelines for consumers and businesses whose finances have been upended by the coronavirus crisis.

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HSBC, Santander outpace rivals in boosting loan-loss provisions

04/28/20

The two lenders are being more aggressive than other European banks in putting a price on the economic devastation caused by the coronavirus outbreak.

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Ounce of prevention was no pound of cure for PPP 2.0

04/27/20

Queued-up loans. Extra bankers. Government tweaks to promote fairness. None of these precautionary measures has been enough for the second round of the Paycheck Protection Program to avoid the pitfalls of the first.

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As hotels sit empty, loan delinquencies pile up

04/24/20

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.

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Congress was right to freeze CECL

04/24/20

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

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Bankers, borrowers fret over details of middle-market rescue

04/22/20

The Federal Reserve’s Main Street Lending Program is meant to be a lifeline for midsize businesses, but two weeks after its unveiling, those firms and their lenders remain on edge about what strings will be attached.

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Comerica mulls keeping stakes in troubled oil, gas companies

04/21/20

Rather than selling off assets at a steep discount, the Dallas company is considering taking equity positions in energy firms struggling to make loan payments in the wake of collapsing prices.

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