The Latest

“Pandemic planning presents unique challenges to financial institution management,” the FFIEC said in the interagency statement.
Kate Berry
March 6, 2020 6:30 PM

The agencies recommend steps banks should take to proactively prevent disruption of operations, minimize contact between staff and customers, and plan for how affected employees reenter the workplace, among other things.

2 Min Read
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Aaron Weitzman
March 6, 2020 4:05 PM

As fear and uncertainty over COVID-19 rapidly grow, it has sent yields for both municipals and Treasuries to never before seen low levels — begging the question if we could see zero or negative yields here in the States?

9 Min Read
Yvette Shields
March 6, 2020 2:32 PM

The Metropolitan Pier and Exposition Authority updated its latest offering statement to warn of the risk posed to its bottom line as did two systems with upcoming deals.

5 Min Read
Five litre bottles of 70% hand sanitizing gels sit on the production line at Cleenol Group Ltd.'s factory in Banbury, U.K., on Friday, March 6, 2020. The stockpiling crisis that has hit supermarkets across Asia has spread to Europe as consumers start hoarding groceries and hygiene products amid fears of a coronavirus pandemic. Photographer: Chris Ratcliffe/Bloomberg
Jeff Stimpson
March 6, 2020 2:24 PM

With new technology, new workflows, and plenty of hand sanitizer, preparers are ready for the disease.

5 Min Read
Federal Reserve Bank of New York President John Williams
Chip Barnett
March 6, 2020 2:18 PM

Strong data and reassuring words from a Fed official couldn’t stop market virus fears from spreading.

5 Min Read
Why the coronavirus makes material adverse change (MAC) clauses more important than ever
March 6, 2020 2:00 PM

More buyers are seeking protection if a target suffers from implications from the coronavirus, a recession or an industry downturn.

6 Min Read
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Bonnie Sinnock
March 6, 2020 1:04 PM

Nonbank mortgage employment fell in January, but could subsequently surge as lenders seek to capture business while rates are low, the job outlook is favorable, and the coronavirus is contained.

2 Min Read
March 6, 2020 12:46 PM

For employers, the global outbreak marks a sea change for many industries long resistant to flexible work arrangements, forcing renewed debate on WFH policies and flextime for daycare.

6 Min Read
Broadway near the New York Stock Exchange
By Ben Steverman
March 6, 2020 11:56 AM

The super-wealthy can deploy sophisticated strategies to pass on billions of dollars to their descendants tax-free.

4 Min Read
Seattle
By Katherine Khashimova Long
March 6, 2020 11:45 AM

Even as concern over the rapid spread of the novel coronavirus mounts, the most recent data on area home sales from the Northwest Multiple Listing Service shows the market for Seattle-area residential realty remains hot.

3 Min Read