Economy

Banks added jobs in 2020. Are layoffs ahead?

03/29/21

The economy is poised to rebound, meaning loan demand and hiring will pick up, some observers say. Others argue that banks have plenty of reasons to cut jobs given industry consolidation, the growth of digital banking and expectations that low interest rates will persist.

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Credit outlook brightens, but recovery hinges on vaccinations: ABA

03/19/21

Bank economists predict further improvement in the quality and availability of consumer and business credit now that a third stimulus package has been approved. Still, COVID-19 vaccine distribution will determine how quickly the U.S. economy rebounds.

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Wells Fargo CEO 'bullish' on economy in second half

03/17/21

Wells Fargo Chief Executive Charlie Scharf said he sees the U.S. economy coming back from the coronavirus pandemic in a strong way in the second half of the year.

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U.S. small businesses are holding off the debt apocalypse. For now.

03/16/21

Government relief programs and lenders’ forbearance have kept U.S. small businesses from defaulting on their debt en masse as revenue slumped during the pandemic crisis, according to a new analysis.

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