Coronavirus Impact
Coronavirus Impact

Executives argue the rollouts will largely focus on new markets and work in tandem with digital banking efforts.

June 15
4 Min Read
Deciding when to safely resume in-person bank examinations will likely be dictated by the nation’s patchwork response to the pandemic, as communities react and reopen in different ways over the summer.

The acting comptroller of the currency signaled that his agency is planning to resume on-site supervision despite health risks tied to the pandemic. But some bankers and former examiners urged caution, saying remote monitoring has its advantages.

June 15
8 Min Read

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

June 15
8 Min Read
The letters, signed by Reps. Jim Clyburn, D-S.C., and other House Democrats, followed reports that that some large lenders created a two-tiered system for applying for PPP funds.

In letters to administration officials and large banks, the lawmakers sought details about loan recipients following reports that financial institutions had favored their wealthiest clients.

June 15
2 Min Read

Walmart Inc. has partnered with e-commerce giant Shopify Inc. to expand its third-party marketplace site and grab more of the pandemic-fueled surge in online shopping. Shares of the Canadian technology company rose on Monday.

June 15
4 Min Read

United Airlines Holdings Inc. is planning to raise $5 billion by borrowing against its frequent-flyer program, stepping up efforts to boost liquidity amid the Covid-19 pandemic.

June 15
2 Min Read

The central bank is bringing back examinations but said it will continue to conduct monitoring remotely "until conditions improve."

June 15
1 Min Read

The central bank also asked for public feedback on a proposal to extend support for coronavirus relief loans to nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic.

June 15
2 Min Read
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