Coronavirus

Time for Fed to tap brakes on relief programs

03/26/21

By purchasing additional assets and securities, the Federal Reserve provided the financial markets with enough liquidity to weather the pandemic recession. But with the economy starting to recover, it needs to reduce such funding before it creates dangerous bubbles over the long term, say two former bankers.

]]

[more]

Congress passes two-month PPP extension

03/25/21

Lawmakers approved a bill that will allow the Paycheck Protection Program to remain open until May 31. It was originally set to expire on March 31.

]]

[more]

Changing channels: How the pandemic shaped bank marketing

03/24/21

Banks ditched radio ads, direct mail and sports sponsorships and instead produced spots for social media, video games and streaming services, all while adjusting their messages to feel more relevant to the times. Now, with coronavirus cases declining, will they return to the old normal?

]]

[more]

Credit cards slash $99 billion from spending limits during pandemic

03/22/21

The 14 lenders that dominate U.S. credit cards slashed $99 billion from their customers’ spending limits in 2020, mostly affecting financially troubled households.

]]

[more]

The big rethink: Credit unions on changes driven by pandemic

03/22/21

Twelve months after the public health emergency began, executives say it forced them to reexamine where employees work, retail strategies, office layouts and more.

]]

[more]

How banks can ace next round of virtual annual meetings

03/19/21

Online and hybrid gatherings last year left shareholders demanding that companies make it easier to join the meetings, ask questions and vote this time around.

]]

[more]

Blame Treasury, IRS for delay in stimulus payments, banks say

03/16/21

Banks have borne the brunt of the criticism from consumers still waiting for coronavirus relief funds to land in their accounts. But the industry says the lag time is the fault of the government and its antiquated payments system

]]

[more]

Goldman pandemic loans draw scrutiny from Sens. Brown, Warren

03/15/21

The Senate Banking Committee is questioning whether Goldman Sachs Group paid dividends at the expense of lending to businesses and households during the pandemic as lawmakers take a broad look at the support big banks offered clients to get through the economic slump.

[more]

SECU rolls out $1,000 bonuses for staff as pandemic hits one-year mark

03/12/21

The nation's largest second credit union is thanking all full-time employees for their work since COVID hit. But even as vaccinations ramp up, remote work will be the norm for most for several more months.

[more]