Even after the Fed eased some limitations in April to promote emergency lending, the bank has had to make some “tough choices” to heed the $1.95 trillion growth ceiling set by regulators in the aftermath of its phony-accounts scandal.
The Bonadio Group, a Top 100 Firm based in Rochester, New York, began returning to its offices this week as the stay-at-home order to combat the spread of the coronavirus was lifted in some parts of the state.
The takeaway from the PPP rollout is that bankers must protect their reputations and limit their risk appetites as they participate in further government-backed rescue programs.
As businesses seek to get employees back to the office, employers need to figure out how to address the health and safety of their workforce while also complying with applicable law.
Banks would be wise to dust off their Great Recession playbook and shed nonperforming loans while growing through M&A.
Despite the coronavirus, firms can’t afford to stop looking for prospects
The SBA’s form clarifies some issues, but still leaves questions to be answered.
The COVID-19 pandemic has changed us in ways that are still undetermined.
Just as air travel was never the same after 9/11 and lending was never the same after the 2008 financial crisis, working in an office setting will never be the same post-pandemic.
This year all playbooks have to be discarded and a fresh start needs to be developed.