The Latest

Chip Barnett
April 22, 2020 1:53 PM

The new federal COVID-19 relief package probably won’t be the last boost the U.S. economy will get, economists say.

3 Min Read
User engaging with a chatbot over a mobile phone.
Miriam Cross
April 22, 2020 1:49 PM

Firms that create virtual assistants for financial institutions are training their bots to answer questions about the pandemic and relieve phone lines from a barrage of customer calls.

6 Min Read
April 22, 2020 1:06 PM

The new bill to replenish the Paycheck Protection Program clarifies that hospitals created as political subdivisions are eligible.

5 Min Read
John Adams
April 22, 2020 11:33 AM

Businesses have turned to workarounds to accommodate the coronavirus’ impact on brick-and-mortar stores, emergency measures that will likely become permanent in order for these businesses to survive into the future.

4 Min Read
M&A
April 22, 2020 9:00 AM

History offers valuable lessons for anticipating the profession’s reaction to the pandemic in terms of mergers and acquisitions.

7 Min Read
Emergency Revive 042120
Jason Tepperman
April 22, 2020 9:00 AM

The program, created in response to the 2008 financial crisis, generated $19 billion in small-business loans. It could be used as a viable path out of the coronavirus pandemic.

5 Min Read
Apart from the layoffs, LendingClub's restructuring plan includes a temporary 30% base salary reduction for CEO Scott Sanborn.
Paul Davis
April 21, 2020 8:48 PM

The online lender, reeling from the economic fallout of the coronavirus pandemic, also said it is cutting senior executives' salaries by 25%.

1 Min Read
“This bipartisan agreement will provide more ... funding for the Paycheck Protection Program, which is already helping millions of small-business employees receive paychecks instead of pink slips,” said Senate Majority Leader Mitch McConnell, R-Ky.
Neil Haggerty
April 21, 2020 5:34 PM

The House is expected to vote later this week on the bill expanding emergency relief for small businesses reeling from the effects of the coronavirus.

2 Min Read
The mortgage giants Fannie Mae and Freddie Mac traditionally have not purchased loans that are in forbearance.
April 21, 2020 4:58 PM

Efforts to calm lenders’ fears about coronavirus-related forbearance may not offset tightening standards, and the FHA is less likely to boost volume than it was during the financial crisis.

7 Min Read
Greg Carmichael, Fifth Third CEO
Laura Alix
April 21, 2020 4:33 PM

The pandemic won’t halt the Cincinnati bank's plan to open about 100 branches in the Southeast, but features could be added to accommodate social distancing.

3 Min Read