Banco Popular de Puerto Rico

A bipartisan group proposed a $908 billion measure while Mitch McConnell unveiled his own plan; the rally has pushed borrowing rates to their lowest levels since the pandemic started.

Randal Quarles said banks should have used their extra capital cushions to help more during the pandemic; 1% of small business borrowers got 25% of the funds, SBA records reveal.

The payments processor will offer banking products to its customers through Goldman Sachs and Citigroup; but Judy Shelton’s nomination remains in doubt.

The lobbying group wants David Perdue to keep his seat on the Senate Banking Committee; the recent 90% jump is being driven by “passionate individuals and return-starved hedge funds.”

The bank is considering moving part of its asset management unit to Florida in a cost-cutting move; the company says “buy now, pay later” installment loans are too risky for consumers.

The JPMorgan CEO says trading and investment banking revenues are up over 20% this quarter; Scharf says the bank’s internal reporting is “far, far better” under his regime.

BofA, Citi, and Deutsche Bank are expecting strong results for the current quarter; many small business loan applicants made no secret of their intention to game the program.

The bank’s former president said he will give 1MDB clawback money to charities, not the bank; the country’s regulator said banks are resilient enough to resume limited dividends.

The two midwest regionals agreed to merge in a $6 billion deal; community banks had their "best year ever," in large part from the "government money that passed through banks on the way to households and businesses."

The already-struggling commercial property market may face even more problems in 2021; NatWest, joins Lloyds Bank in lowering down payments in a booming residential market.