Coronavirus

How businesses are surviving the pandemic

05/15/20

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

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Coronavirus scams are proliferating. Smart tech can stop them.

05/15/20

Artificial intelligence and machine learning are some examples of technology available now to help combat money launderers profiting from the pandemic.

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How EventBot malware exploits shift to mobile payments during coronavirus crisis

05/15/20

Criminals developing EventBot malware built it to take advantage of businesses and humans turning to mobile banking and payments in the current coronavirus crisis — but also to update itself on the fly to become more insidious in the future.

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Battered by coronavirus crisis, online lenders face reckoning

05/14/20

The upstarts enjoyed rapid growth during the long economic expansion. Now they are on the ropes.

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Bank of America's $1B virus bond breaks new ground for U.S. banks

05/14/20

Bank of America is set to price today a $1 billion bond issue to fund COVID-19 relief efforts. It's the first sale from a U.S. financial institution that explicitly links all proceeds to tackling the virus, Bloomberg data show.

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FDIC tool to prevent bank runs goes unused vs. coronavirus

05/14/20

Congress authorized the Federal Deposit Insurance Corp. to intervene if the pandemic caused a liquidity scare, but nearly two months later deposits are through the roof and the agency has not acted on the expanded authority.

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FHFA extends eviction and foreclosure moratorium to June 30

05/14/20

The agency's announcement came one day after the agency said it would provide borrowers struggling to stay current with an additional payment deferral option.

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Big banks' best defense in a pandemic: A diversified strategy

05/14/20

A properly deployed combination of asset-based lending, commercial loans and investment banking is imperative in these circumstances.

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Coronavirus through the eyes of front-line bankers

05/13/20

Often overlooked in narratives about essential workers, branch and call-center employees are responding to challenges posed by the COVID-19 crisis. They’ve processed emergency-relief loans late into the night, coached customers unfamiliar with mobile banking and made house calls to elderly account holders.

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