6 Min ReadPayouts continue to be relatively generous, but that could change if the Federal Reserve demands banks bolster capital or the economy worsens.
3 Min ReadThe request for a second municipal lending facility was made in a bipartisan letter sent to the Fed last week by four senators.
4 Min ReadWith rates so low — after steep emergency Federal Reserve cuts in response to the pandemic’s fallout — banks will struggle to generate bread-and-butter interest income and asset-sensitive lenders will face substantial net interest margin contraction this year and next, analysts say.
2 Min ReadDemocrats’ latest proposal to back debt collectors, enable loans for nonprofits and provide other relief could help steer negotiations with the Senate on more stimulus.
5 Min ReadLax eligibility requirements are raising new questions about which firms should get access to public money.
4 Min ReadThe head of the U.S. central bank said its emergency credit programs were not designed to prop businesses up over the long term.
3 Min ReadThe Term Asset-Backed Securities Loan Facility is just one example of a fund that could be retooled.
6 Min ReadMillions of Americans have yet to receive their stimulus checks, leading progressives to demand reforms improving underbanked consumers’ access to the financial system.
2 Min ReadLenders implemented stricter underwriting across all loan types in the first quarter as the pandemic upended the economy, the Federal Reserve said in its survey of loan officers.
6 Min ReadThe Fed has tweaked its Main Street Lending Program to stir more enthusiasm, including the creation of a third financing option for larger companies. Will it make a difference?
