Banking Industry Newsfeeds

Banks find creative ways to help cash-strapped health clinics

Monday, April 6, 2020

For many small providers, the coronavirus pandemic means falling revenue and rising expenses, as many either shut their doors to new business or staff up to deal with COVID-19 patients. Bankers say that means helping them bridge the cash-flow gaps until they can get back to business as usual.

Fed will buy small-business loans to help coronavirus response

Monday, April 6, 2020

The central bank is creating a facility to provide financing to banks participating in the Small Business Administration’s Paycheck Protection Program.

Regulators expand capital relief for community banks

Monday, April 6, 2020

After Congress temporarily lowered the leverage ratio used by smaller institutions, the federal agencies said they would allow a one-year transition before banks have to comply again with the regular standard.

Banks' digital outreach efforts amid coronavirus crisis fall short

Monday, April 6, 2020

Few lenders are finding creative ways to provide much-needed financial advice and emergency services online.

Servicers to feds: Stopgap plans not enough against coronavirus

Monday, April 6, 2020

Ginnie Mae and the FHA provided temporary liquidity relief for mortgage servicers bracing for higher delinquencies, but the industry continues to pressure Treasury and the Fed to provide more comprehensive support.

Jamie Dimon sees ‘bad recession’ and echoes of 2008 crisis ahead

Monday, April 6, 2020

The only current CEO who steered a major U.S. bank through the financial crisis, Dimon said JPMorgan’s earnings will be “down meaningfully” this year as a result of the coronavirus pandemic.

Wells Fargo says Fed cap is limiting small-business relief

Monday, April 6, 2020

Wells Fargo said it can't fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the bank's growth.

U.S. banks to support paying dividends; Wells limits jumbo refinances

Monday, April 6, 2020

Banks will tell the Fed they would remain strong after payouts; customers would need $250,000 in liquid assets on deposit at the bank to qualify to refinance.

How banks prepared call center reps to handle surge in volume — from home

Sunday, April 5, 2020

Ally, Discover and USAA have made technological, managerial and policy changes to help their centers' employees cope with the rush of calls from customers hurt by the pandemic.

Emergency loan program could run out of money in early June: Rubio

Sunday, April 5, 2020

Sen. Marco Rubio, R-Fla., said that $349 billion will likely not be enough meet loan demand from small businesses seeking a lifeline to help them weather the economic downturn brought on by the coronavirus outbreak.

Disclaimer
Information is accessed through RSS feeds from third-party sources that are not necessarily part of the Ohio Bankers League. While we try to select appropriate feeds to prevent objectionable content from being displayed, the presence of any article does not indicate endorsement or recommendation by the Ohio Bankers League or any of its subsidiaries.