Coronavirus

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IRS
Michael Cohn
April 20, 2020 5:00 PM

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

4 Min Read
Institute of Internal Auditors headquarters in Florida
Michael Cohn
April 20, 2020 3:18 PM

The Institute of Internal Auditors has stopped most of its in-person activities, including training, during the COVID-19 pandemic and will instead do online testing on a temporary basis for its certification exams.

1 Min Read
Truist Chairman and CEO Kelly King
M&A
Paul Davis
April 20, 2020 3:00 PM

Executives say they can still meet their goal of $480 million in cost savings this year from the combination of BB&T and SunTrust despite unexpected expenses, unless the economy fails to rebound quickly.

3 Min Read
April 20, 2020 2:39 PM

Sales taxes are a pillar of the Texas state budget, and the usually stable revenue source has taken a hit from the COVID-19 pandemic.

5 Min Read
Los Angeles Mayor Eric Garcetti
Keeley Webster
April 20, 2020 2:27 PM

Mayor Eric Garcetti announced plans to furlough thousands of city employees because of coronavirus-driven shortfalls.

2 Min Read
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
whitehouse-sheldon-senate.jpg
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