Credit quality

BOK scrambles to stem losses from shuttered tribal casinos

06/03/20

Two years ago, the Tulsa, Okla., bank expanded its Native American casino lending business nationwide. It seemed like a great plan until the coronavirus pandemic struck.

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Coronavirus still a threat to credit scores despite congressional relief

06/01/20

The rescue bill enabled banks to protect loans in forbearance from an immediate hit to a borrower’s credit report, but experts say affected consumers may have trouble getting loans after the pandemic ends.

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Goldman predicts bumpy recovery, says problem loans could rise in 2Q

05/27/20

The economic contraction caused by the coronavirus pandemic has been worse than the Wall Street firm had modeled two months ago, its president John Waldron said Wednesday.

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Scotiabank earmarks $1.33 billion for bad loans in pandemic

05/26/20

The Toronto company also said it set aside 232 million this year for U.S. regulatory probes into the bank’s metals-trading practices and costs tied to the wind-down of that business.

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S&T in Pennsylvania discloses potential exposure to check kiting scheme

05/26/20

The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme.

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Pandemic prompts banks flush with capital to raise more

05/22/20

Some lenders are issuing debt and preferred stock to provide an extra buffer for credit losses. Others are preparing for growth opportunities.

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Record reserves for bad loans set to gut Canadian banks' profits

05/22/20

The second-quarter jump in provisions may be three to four times higher than a year earlier and will be mostly for loans that have yet to go bad, analysts said.

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Coronavirus outbreaks at meat plants compound ag banks' problems

05/19/20

Lenders are scrambling to pause ranchers’ loan payments as meat processing plant shutdowns during the pandemic threaten $25 billion in losses for the livestock industry.

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Pad reserves or buy out a rival? BlackRock haul gives PNC options

05/15/20

The Pittsburgh company’s sale of its stake in the asset manager yielded billions of dollars that could cushion the pandemic’s economic blow and eventually help fund a big acquisition.

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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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