Economy

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

04/24/20

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.

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Coronavirus relief is an opportunity to bridge the digital divide

04/17/20

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.

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

04/15/20

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.

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