Commercial lending

JPMorgan's outlook for 2020: More pain ahead

04/14/20

Though hopeful for a second-half bounceback in the economy, JPMorgan Chase is prepared for 20% unemployment, lackluster GDP and losses in its loan portfolio that could reach tens of billions of dollars.

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Wells Fargo sets aside the most for loan losses in a decade

04/14/20

The results preview a tough first year for new CEO Charlie Scharf as the coronavirus pandemic brings the U.S. economy to a standstill.

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JPMorgan Chase profits plunge 69% on coronavirus fallout

04/14/20

The nation's largest bank set aside nearly $8.3 billion for bad loans, more than double what some analysts had expected.

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Banks meet ‘mad scramble’ for loan deferments, but at what cost?

04/13/20

By helping borrowers now, banks hope customers can quickly catch up on payments once the coronavirus pandemic ends. If they can’t, interest income will remain low and charge-offs could pile up if the crisis drags on.

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Fintechs OK'd to make emergency small-business loans

04/13/20

PayPal, Intuit QuickBooks Capital and Square Capital have been named direct lenders in the Paycheck Protection Program, and more await the OK. They could be crucial to reaching the smallest firms trying to survive the economic toll of the coronavirus pandemic.

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BofA defends giving priority to customers in rescue-loan program

04/10/20

Bank of America, which came under fire for prioritizing applications from existing small-business customers, asked a federal judge in Baltimore to reject a request in a lawsuit to temporarily bar it from employing the practice.

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What does the $600B middle-market rescue plan mean for banks?

04/09/20

Bankers say they’re still trying to figure out if the Fed’s complex loan-buying vehicles will help them cater to the needs of midsize commercial customers hammered by the economic shock from the coronavirus outbreak.

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Fed expands use of credit facilities to offer additional $2.3 trillion in loans

04/09/20

The Fed's actions are designed to ensure the flow of credit to midsize businesses and state and local governments hit hard by the economic impact of the coronavirus pandemic.

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Fed to give details on midsize business lending this week

04/08/20

The lending facility is for companies with more than 500 employees that are disqualified from the relief program for small businesses and too small for federal loans reserved for larger companies.

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Customers Bank enlists U.K. fintech to monitor its loan portfolio

04/08/20

OakNorth helps banks analyze credit, identify pandemic-related risks and forecast borrower issues before they turn into defaults.

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