Coronavirus

Banks’ digital upgrade plans unshaken by coronavirus

04/19/20

Citizens, Regions and others say business investments initiated before the COVID-19 pandemic, including technology improvements and new consumer offerings, are on track.

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Crapo to lead Senate's oversight of coronavirus rescue

04/17/20

The Senate Banking Committee chair will work with the heads of other panels in overseeing the $2 trillion stimulus package that Congress passed last month.

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Wells' PPP advice, Chase halts home equity loans, TD's coronavirus head start: Top stories of the week

04/17/20

Wells Fargo tells business clients to consider other banks for emergency loans; JPMorgan Chase is temporarily reducing its exposure to the mortgage market; how TD Bank got a head start on pandemic preparations; and more from this week's most-read stories.

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The new bankers' hours: Long nights and weekends

04/17/20

Stress and exhaustion are catching up to lenders and call center employees helping customers grapple with the coronavirus pandemic.

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‘Leave room for the little guys’: Square's advice for PPP 2.0

04/17/20

Square Capital and other online lenders joined the Paycheck Protection Program just before it ran out of money. Now they’re ready and waiting for Congress to reload funds that could be better aimed at the smallest companies.

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Banks stick with dividend plans despite potential for blowback

04/17/20

Large institutions say their strong capital positions allow them to reward investors, and the Fed agrees. But critics say this is the time to be preparing for a sharp downturn and continue helping those hurt by the coronavirus pandemic.

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GOP senator asks Treasury, Fed for virus-aid details

04/17/20

The head of the Senate panel overseeing Federal Reserve and Treasury Department efforts to boost the U.S. economy urged the agencies to remember their disclosure requirements.

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Coronavirus relief is an opportunity to bridge the digital divide

04/17/20

As the market deals with the short-term challenge of getting stimulus payments into the hands of citizens, the country has a unique opportunity to put unbanked and underbanked citizens on a long-term path to electronic payment methods, says FIS' Jim Johnson.

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Deposits are rising. But will they stick around?

04/16/20

Consumers and businesses put more money in the bank as the pandemic worsened. How long the funds remain will depend on how quickly the economy recovers.

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