Economy

Lender beware: Emergency relief efforts are inherently risky

05/29/20

The takeaway from the PPP rollout is that bankers must protect their reputations and limit their risk appetites as they participate in further government-backed rescue programs.

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Finance CEOs worry markets are too optimistic about economy

05/28/20

Investors are looking past signs of weakness and toward an eventual recovery, but top executives at BlackRock, Citigroup, Goldman Sachs and other financial firms remain cautious as many cities and states remain in partial lockdown to slow the spread of the coronavirus.

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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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Dimon sees good chance for rapid U.S. economic recovery

05/26/20

JPMorgan Chase's CEO expects the economy to rebound in the third quarter thanks to government stimulus programs and the strength of the consumer going into the pandemic.

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Bankers expect recession to last into 2021

05/18/20

Bracing for a prolonged economic slowdown, many community bankers say they are considering a number of belt-tightening measures, including freezing salaries and delaying investments in technology and product development, according to a survey by Promontory Interfinancial Group.

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The Fed should tailor its business loan programs for consumers

05/12/20

The Term Asset-Backed Securities Loan Facility is just one example of a fund that could be retooled.

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PPP is a compliance minefield for banks

05/06/20

Regulators need to give more detailed guidance on the coronavirus relief program for small businesses so lenders don’t get trapped in underwriting mistakes down the road.

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Dear bankers: Don't return to your old, shareholder-first ways

05/05/20

Banks tend to pull back in times of crisis by tightening credit and focusing on collections efforts. But consumers, and not returns, must be the focus during the coronavirus pandemic.

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Coronavirus hitting millennials' finances the hardest: TransUnion

04/30/20

Nearly 70% of U.S. adults between the ages of 26 and 40 said their earnings had been negatively affected by the outbreak, about 10 percentage points higher than other age group.

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Congress was wrong to leave PPP disbursement up to banks

04/28/20

Elected officials are better off deciding who’s most deserving of federally backed coronavirus relief funds for small businesses.

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