News Topic: Disaster recovery
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Banks, credit unions respond to attack on power grid in North Carolina
Bank branches-on-wheels diversify beyond disaster recovery
Banks, credit unions at various stages of recovery from Ian
Credit unions step up for Puerto Rico in wake of Hurricane Fiona
'Unfortunately, we've gotten pretty good at this': Popular's CEO in wake of Hurricane Fiona
Standing or not, Kentucky banks and credit unions aid tornado recovery
Climate change ‘will take all of our focus,’ Hancock Whitney CEO says
How banks are helping Texans cope with a 'nightmare'
From delivering water door to door to turning offices into shelters, bankers in the state have adapted their hurricane-response plans to offer customers and employees relief from the past week's snow emergency and power outages. ... Read full article
Credit unions across Texas dig out after historic winter storm
A severe cold snap in the state has tested financial institutions unaccustomed to such weather-related disruption. ... Read full article
Why won't Congress fix flood insurance?
For decades lawmakers have ignored broad structural flaws in the National Flood Insurance Program, which underpins millions of home mortgages. And the problem is only getting worse. ... Read full article
No quiet retirement for longtime Webster Financial chief
James Smith, who recently completed his gradual transition out of banking, was spearheading a public-private economic development plan for Connecticut when the coronavirus pandemic hit. The crisis made the need for the plan greater — and the job harder. ... Read full article
Crisis mode provides another lesson for banks, not a life sentence
Coronavirus has taken bankers out of their comfort zone. But they should view adaptations they’ve made in confronting the pandemic as a chance to hone their emergency response skills, not a permanent new normal. ... Read full article
Small-dollar loans highlight banks’ coronavirus relief efforts
Many banks are offering low-interest loans to help consumers and small businesses withstand the economic shocks of the pandemic. Some are also doing away with ATM, overdraft and late fees because, as one CEO put it, that revenue “is not the most important ... Read full article
Are ATMs making the coronavirus crisis worse?
Automated and interactive teller machines aren’t germ-free in the best of times, and the pandemic has raised new concerns about the possibility of those devices infecting consumers and staff. ... Read full article
Camille Burckhart, Popular Inc. | Most Powerful Women: Next
As part of the continuing rebuilding effort in Puerto Rico after Hurricane Maria, Banco Popular's nonprofit foundation has several startups working out of its main location in San Juan. For Camille Burckhart, it is part of a mission to help the island ... Read full article
Regulators offer relief to institutions impacted by California wildfires
Federal and state regulators Thursday offered a slew of regulatory relief measures to banks and credit unions impacted by the disastrous California wildfires. ... Read full article
Puerto Rico's biggest bank finds ways to grow as island population shrinks
Popular's 16% gain in deposits and a recent acquisition bode well for its future even though there has been a major net loss of residents since Hurricane Maria. ... Read full article
Could lenders have done anything differently in Puerto Rico?
Few small businesses in Puerto Rico applied for credit to finance recovery from hurricane damage. The reasons are instructive for financial institutions’ response to disaster recovery, the New York Fed says. ... Read full article
Popular rebounds from Maria, but Puerto Rico's challenges endure
The San Juan company has largely recovered from the hurricane that hit a year ago, and it has made extensive preparations for future natural disasters. Yet its home market is still suffering from debt and net outmigration of residents. ... Read full article