Coronavirus Impact
Coronavirus Impact
Although Fannie Mae and Freddie Mac are currently equipped to handle an uptick in delinquencies, the mortgage giants are less prepared to do so over the long term, Calabria said.

Mark Calabria said Fannie Mae and Freddie Mac are currently equipped to handle elevated delinquencies, but they might need congressional or Federal Reserve help if fallout from the coronavirus persists.

March 19
1 Min Read

The proposal from Sens. Marco Rubio and Susan Collins would provide the Small Business Administration with $300 billion to help companies hurt by the coronavirus outbreak meet immediate financial obligations, including payroll.

March 19
5 Min Read

The voluntary agreements were meant to help the FDIC make staffing changes ahead of a wave of retirements. But concerns about the coronavirus means those plans will be put on hold.

March 19
1 Min Read

The surge in online and mobile use is a high-profile test for the industry — and could foreshadow a permanent consumer shift.

March 19
5 Min Read

Some institutions may rethink their sponsorship deals with professional sports teams now that several leagues have suspended their seasons because of the pandemic.

March 19
4 Min Read
BankThink

Over the next few weeks, U.S. businesses with online platforms might be tempted to relax fraud controls to free up potential friction – they shouldn’t. It could mean major fraud hits.

March 19
1 Min Read
Making dollars available to foreign nations, even if it didn’t cost the Fed, became a point of contention for some in the U.S. Congress.

The expansion of the dollar swap lines allows foreign central banks to meet the needs of companies and financial institutions rushing for dollars as the global payments system undergoes severe strain due to the coronavirus.

March 19
1 Min Read
The dramatic late-night step was the central bank’s third emergency lending facility in two days, after the Fed on Tuesday unleashed measures to support the commercial paper market and primary dealers.

The Money Market Mutual Fund Liquidity Facility, established under the central bank’s emergency authority, echoes a version that was set up during the global financial crisis.

March 19
3 Min Read
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