Coronavirus Impact
Coronavirus Impact
“This bipartisan agreement will provide more ... funding for the Paycheck Protection Program, which is already helping millions of small-business employees receive paychecks instead of pink slips,” said Senate Majority Leader Mitch McConnell, R-Ky.

The House is expected to vote later this week on the bill expanding emergency relief for small businesses reeling from the effects of the coronavirus.

April 21
2 Min Read
The mortgage giants Fannie Mae and Freddie Mac traditionally have not purchased loans that are in forbearance.

Efforts to calm lenders’ fears about coronavirus-related forbearance may not offset tightening standards, and the FHA is less likely to boost volume than it was during the financial crisis.

April 21
7 Min Read
Greg Carmichael, Fifth Third CEO

The pandemic won’t halt the Cincinnati bank's plan to open about 100 branches in the Southeast, but features could be added to accommodate social distancing.

April 21
3 Min Read

In a rare show of unity, banking industry and consumer advocacy groups told congressional leaders that it is not too late to ensure individuals can access all of their coronavirus relief funds promised by the government.

April 21
1 Min Read
Citigroup's Jane Fraser

Once it starts reopening offices around the world, it "will continue to prioritize the safety of our employees, customers and communities," Citigroup President Jane Fraser said.

April 21
1 Min Read
John Dugan has been Citi's chairman since early last year.

"One of the advantages is that we can hear from shareholders in faraway places," John Dugan said at Tuesday's annual meeting, which was held entirely online as most of the country remains on lockdown to help stop the spread of the coronavirus.

April 21
2 Min Read

The coronavirus pandemic has added a troubling twist to the already difficult process of converting fuel pumps to accept EMV chip cards and communicate with the stations' point-of-sale terminals.

April 21
7 Min Read

For Good Causes has emerged from pilot in the U.K. to help consumers and businesses convert loyalty rewards points to digital cash donations for charities impacted by the coronavirus pandemic.

April 21
2 Min Read
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