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


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.


Bankers expect recession to last into 2021


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.


The Fed should tailor its business loan programs for consumers


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


PPP is a compliance minefield for banks


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.


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


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.


Coronavirus hitting millennials' finances the hardest: TransUnion


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.


Congress was wrong to leave PPP disbursement up to banks


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


Fed’s near-zero rates to last into 2023, economists predict


Economists also expect the Fed's balance sheet to more than $10 trillion as policymakers look to lift the country from a recession brought on by the coronavirus pandemic.


Coronavirus relief is an opportunity to bridge the digital divide


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.


Economy contracting sharply with coronavirus sweeping U.S., Fed says


The hardest hit industries were leisure and hospitality and retail outside of essential-goods purchases, the Fed said in its Beige Book survey released Wednesday.