Coronavirus

Lawmakers urge Fed, Treasury to let CRE borrowers tap Main Street loans

09/22/20

Commercial real estate companies are among those left out of the Federal Reserve’s middle-market relief program, but House members said they need government-backed financing to navigate the pandemic as much as anyone.

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New PPP angst: Waiting for SBA to sign off on loan forgiveness

09/22/20

It's been six weeks since the Paycheck Protection Program expired and banks started filing forgiveness applications on behalf of borrowers. So why isn't the Small Business Administration responding?

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UBS CEO says it’s hard to sustain culture working at home

09/22/20

Sergio Ermotti joined JPMorgan Chase's Jamie Dimon in expressing concern about the long-term consequences of remote work.

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Masks on, earbuds in: Verve launches pandemic podcast for staff

09/22/20

The credit union turned to a new engagement strategy for employees after the pandemic forced most of the organization to transition to working from home.

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Credit union employees 'clearly not taking enough' time off

09/21/20

The pandemic has forced the institutions on this year's Best Credit Unions to Work For list to be more flexible with their policies for how and when employees take time off.

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Absentee-voting service at Okla. banks, credit unions extended

09/18/20

A collaboration between the two industries to help voters cast absentee ballots has been approved to continue through the general election.

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Bankers urge extension of CARES Act reg relief

09/18/20

Measures designed to give banks and credit unions more flexibility to help customers weather the coronavirus pandemic are set to expire Dec. 31 unless Congress renews them.

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Fed, Treasury clarify underwriting rules for Main Street loans

09/18/20

The Federal Reserve and the Treasury Department released a set of FAQ's aimed to clearing up misconceptions about the Main Street Lending program and encouraging more bank participation.

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Did Seacoast wait too long to strike a deal?

09/18/20

The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers.

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Fed offers details on additional bank stress test triggered by COVID-19

09/17/20

The agency has scheduled an extra assessment of institutions' strength to incorporate more recent economic data during the pandemic.

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