Coronavirus Impact
Coronavirus Impact
BankThink

Minimizing outsourcing is one way to minimize uncertainty, making sure you’re the one in the driver’s seat of your plans.

May 29
3 Min Read

The general structure of this year’s reviews is unchanged despite the pandemic. But a supplemental analysis of banks' response to the downturn could weigh heavily in evaluating 2020 capital distributions and making adjustments to the tests over the long run.

May 28
7 Min Read
U.S. Bancorp CEO Andy Cecere says many transactions that typically took place in the branch are now being done through digital channels.

Customers' increased use of digital channels during the pandemic could compel the Minneapolis company to rethink its branch strategy, CEO Andy Cecere said.

May 28
2 Min Read
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The latest Credit Union Trends Report from CUNA Mutual Group predicts interest rates will be at record lows for at least two years and earnings are also likely to take a hit from record-high unemployment.

May 28
1 Min Read
The central bank has not announced when the program will officially be up and running, but Boston Fed President Eric Rosengren said Sunday that he expects businesses to begin receiving loans through the program within two weeks.

The Federal Reserve Bank of Boston published details on the terms for lenders and borrowers to participate in the facility intended to provide coronavirus relief funds to middle-market firms.

May 28
1 Min Read
Dividend payouts at big banks, 2020 forecast

Payouts continue to be relatively generous, but that could change if the Federal Reserve demands banks bolster capital or the economy worsens.

May 28
6 Min Read
“I think we can all agree the economic crisis brought on by Covid-19 has proven more severe and drawn out than many anticipated,” said Rep. Nydia Velazquez, D-N.Y., who chairs the House Small Business Committee.

The measure, which garnered near-unanimous support, would triple the period during which businesses can spend their coronavirus relief funds and make it easier for loans to be forgiven.

May 28
1 Min Read

People who order groceries for delivery may be using digital payments or a plastic card to pay for their food, but the person picking up the groceries may be making a separate payment at the point of pickup — and in the process, influencing the global shift toward contactless payments.

May 28
4 Min Read
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