PPP had its strengths. Its successor can be stronger.


A public-private partnership that has fewer rules and restrictions than the Paycheck Protection Program would save more small businesses.


Bankers don’t see economy recovering anytime soon


More than a third fear the fallout from the coronavirus pandemic could drag into 2022 or later, and they are most worried about commercial real estate loans, according to a Promontory Interfinancial Network survey.


Recovery could take 4 years if virus contained, Fed’s Daly says


The U.S. economy can escape another decade-long slog back to health if strong public measures or a vaccine curb virus surges, Federal Reserve Bank of San Francisco President Mary Daly said.


Bankers look to Asia for glimpse of what U.S. recovery could look like


Top executives from Citigroup and Goldman Sachs offered warnings Wednesday about why the U.S. economy may be slow to bounce back from the coronavirus pandemic.


Pandemic and protests: How the tumult of 2020 will forever change banking


A global health crisis. Economic free fall. A reckoning over racism and inequality. We will not be the same after this — and neither will banking.


No, CLOs will not cause the next banking crisis


An article in The Atlantic warning that collateralized loan obligations will be banks’ next downfall overestimates the risk of these securities.


The calm before the storm of bankruptcies


Lawmakers shouldn't let themselves be misled by a slower pace in personal bankruptcy filings so far this year.


Lender beware: Emergency relief efforts are inherently risky


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.


Finance CEOs worry markets are too optimistic about economy


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.


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


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.