Coronavirus

Shoppers wearing protective masks take an escalator in the Patio Brasil shopping mall in Brasilia, Brazil.
June 12, 2020 10:50 AM

Latin America is seeing a surge in digital wallet adoption as governments seek ways to disburse coronavirus aid to vulnerable citizens, and consumers look for safe alternatives to cash.

6 Min Read
Angie Holsen, senior director of commercial client relationships at PRGX Global.
David Heun
June 12, 2020 12:01 AM

Inaccurate payments have plagued accounts payable and receivable departments from the time suppliers' contracts and invoices were stored in boxes and file drawers to the dawn of data-driven digital transactions.

3 Min Read
Penny Crosman
June 11, 2020 9:00 PM

Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices. The FBI stressed the importance of two-factor authentication and ensuring consumers know how to spot fake apps that carry malware.

5 Min Read
June 11, 2020 3:09 PM

The Volunteer State reported a nearly 16% decline in revenues in April, much of which was due to stay-at-home orders and delayed tax filings.

2 Min Read
GASB logo at headquarters in Norwalk, Connecticut
Michael Cohn
June 11, 2020 2:46 PM

The Governmental Accounting Standards Board released a proposed technical bulletin Thursday from its staff with application guidance on the CARES Act and outflows incurred by state and local governments in response to the COVID-19 pandemic.

1 Min Read
occ-031320-topten.jpeg
Brendan Pedersen
June 11, 2020 12:25 PM

After three months of supervising national banks remotely, examiners will soon resume visiting them in person and working in regional offices, says acting Comptroller of the Currency Brian Brooks.

2 Min Read
Bitcoins
Shaun Hunley
June 11, 2020 11:47 AM

In the midst of a global pandemic, the gravitational pull toward digital transactions has been amplified.

3 Min Read
Growth in loan-loss provisions at four banks
By Jon Prior
June 11, 2020 10:17 AM

Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out.

7 Min Read
Office of the Comptroller of the Currency
OCC
Brian P. Brooks
June 11, 2020 9:43 AM

The acting head of the agency says it cannot continue relying on web-based exams put in place during the coronavirus and will start sending staff into banks.

4 Min Read
shopper at Mall of America reopening
Michael Moeser
June 11, 2020 9:31 AM

The immediate lockdown of the nation’s economy in response to attempts to flatten the coronavirus infection curve has had a widespread impact on the revenues of all businesses, particularly small ones that are more susceptible to economic disruptions.

1 Min Read