News Feed

Kevin Wack
April 20, 2020 2:10 PM

After more than tripling its loan-loss provision, the $182 billion-asset company became the first large U.S. bank to report a quarterly loss as a result of the coronavirus pandemic.

2 Min Read
By Jon Prior
April 20, 2020 2:07 PM

Lawmakers are considering a plan to reserve at least $50 billion in Paycheck Protection Program funds for customers of community banks and small regionals.

1 Min Read
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Michael Cohn
April 20, 2020 1:45 PM

Two Senate Democrats are criticizing a little-known provision of the CARES Act stimulus package that would provide a tax break mostly to wealthy taxpayers, suspending excess business losses for prior tax years.

3 Min Read
Federal Reserve Bank of New York
Chip Barnett
April 20, 2020 1:19 PM

Fed officials also talk about the muni liquidity facility and efforts to help the economy in the wake of the COVID-19 pandemic.

4 Min Read
Kevin Wack
April 20, 2020 12:20 PM

From stimulus checks to the Paycheck Protection Program, the government’s infusion of cash into an economy reeling from the coronavirus pandemic has primarily helped those who already strong banking relationships.

5 Min Read
Andrew Coen
April 20, 2020 11:07 AM

Phil Murphy is developing an emergency borrowing plan to combat revenue loss amid the coronavirus pandemic.

2 Min Read
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Michael Cohn
April 20, 2020 10:59 AM

The International Auditing and Assurance Standards Board released its 2020-2023 strategy and 2020-2021 work plan, while acknowledging that the COVID-19 pandemic could throw those plans out of whack.

2 Min Read
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Edward Mendlowitz
April 20, 2020 10:00 AM

In normal times, ideally no one should be let go unless they are just not good. In these times, being practical means some may need to go. How do you decide?

3 Min Read
Thumbnail for Video: QM's Threat to Banks, Minorities
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Gregory W. Meeks
April 20, 2020 9:56 AM

Minorities are often hit harder financially during a crisis, but if regulators move forward on revamping the Community Reinvestment Act, they’ll only make matters worse.

4 Min Read
Dom Esposito
April 20, 2020 9:00 AM

Small and midsized firms need to prepare for a world of reduced liquidity and lower organic growth.

7 Min Read