Economy

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

The new “adverse market fee” for refinanced mortgages resembles steps the companies took to combat the 2008 mortgage crisis. But critics charge it isn’t necessary and will hurt borrowers’ ability to tap into low rates.

Covered Care is promising to offer affordable loans to borrowers with credit scores below 700.

Paralysis between Republicans and Democrats hurts the people who would benefit the most from digital delivery of government stimulus funds, argues Polyient Labs' Jeff Hinkle.

Criticized assets are on the rise, especially in commercial portfolios, and may be the forerunner of a wave of loan losses later this year or next year unless economic conditions strengthen.

A public-private partnership that has fewer rules and restrictions than the Paycheck Protection Program would save more small businesses.

Anemic loan demand and contracting net interest margins hurt overall profitability for banks with more than $50 billion of assets last year. With the pandemic still going strong, an even more dramatic decline in revenue and profitability is likely this year.

More than a third fear the fallout from the coronavirus pandemic could drag into 2022 or later, and they are most worried about commercial real estate loans, according to a Promontory Interfinancial Network survey.

Year to date through Mar. 31, 2020. Dollars in thousands.

Year to date through Mar. 31, 2020. Dollars in thousands.