Retail & Commercial

Johnny Allison, the Arkansas company's chairman and CEO, agreed to reduce his base salary by 20%.

The neobank, which has been operating in the U.S. since last year with partner Sutton Bank, hopes to get a bank charter within two years.

The Tempe Small Business Emergency Loan Program will provide $1 million to help area companies weather the coronavirus.

Banks would have drowned if lawmakers hadn't delayed the new accounting standard during the coronavirus pandemic.

The Treasury secretary said recent government moves will help the firms get through the risk of millions of borrowers missing their loan payments.

Plans to update agency branding and other materials are on hold as the credit union regulator focuses on its response to the coronavirus.

The company reported a loss of $1.3 billion in the first quarter after setting aside more than $5.4 billion for potential loan losses.

The bill, which President Trump is expected to sign Friday, includes $310 billion more funding; the four largest U.S. banks took in $590 billion of the $1 trillion banks attracted.

The industry has always been somewhat reluctant to participate in Small Business Administration lending, but that could change if the agency manages the Paycheck Protection Program well going forward.

The energy business alone faces immense challenges and the overall economy may not bounce back until 2022, Stephen Steinour says.