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Tag: coronavirus


Capital and Risk, Credit

A New Look at Problem Loan Management

April 15, 2021

Via: Bank Director

Not only did the coronavirus pandemic and economic contaction in 2020 change the way the banking industy identifies problem loans, it changed the way it approaches them. As 2020 unfolded, CLA continued to encourage institutions to evaluate policies and procedures, […]


Activity, Capital and Risk, Investment Banking, Trading

JPMorgan Chase beats profit estimates on strong trading, $5.2 billion release of loan-loss reserves

April 14, 2021

Via: CNBC

JPMorgan Chase on Wednesday reported profit and revenue that exceeded analysts’ expectations on robust trading results and a $5.2 billion benefit from releasing money it had previously set aside for loan losses that didn’t develop. The bank posted first-quarter profit […]


Capital and Risk, Macroeconomic

Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’

April 7, 2021

Via: CNBC

Jamie Dimon is bullish on the U.S. economy – at least for the next few years. In his annual shareholder letter, the long-time JPMorgan Chase chairman and CEO said he sees strong growth for the world’s biggest economy, thanks to […]


Activity, Retail Banking

The Missing Piece in Customer Engagement Strategies

March 30, 2021

Via: Bank Director

Usage of appointments in banking has increased significantly since the outbreak of the coronavirus, and is expected to continue in a post-pandemic world. Appointments increased nearly 50% in the second half of 2020, according to customer usage data, allowing banks […]


Regulations

Democrats’ Stimulus Bill Will Accustom Many Americans to Monthly Government Checks

March 8, 2021

Via: CNSNews.com

The Senate on Saturday passed the Democrats’ $1.9 trillion stimulus bill without a single Republican vote. This week, the House plans to take up the Senate bill, to avoid further negotiations. White House Communications Director Kate Bedingfield, speaking to CNN’s […]


Activity, Investment Banking

Strong Investment Banking to Support BofA (BAC) Q4 Earnings

January 18, 2021

Via: Yahoo

Performance of investment banking (“IB”) business, one of the key revenue sources of Bank of America BAC, is likely to have been impressive in fourth-quarter 2020. Hence, this is expected to provide much needed support to the bank’s results, scheduled […]


Capital and Risk, Operational

2020 review: Top five cyberattacks this year

December 22, 2020

Via: FinTech Futures

Ransomware is on the rise across all sectors. Sophos reports that half of all companies it surveyed had been hit by a ransomware attack and 48% of financial services firms reported being targeted. As fraudsters get more sophisticated, we will […]


Capital and Risk, Macroeconomic

November jobs report: US economy adds 245,000 jobs, unemployment rate falls to 6.7%

December 4, 2020

Via: Aol

The U.S. economy added back the smallest number of jobs in seven months in November, as the labor market endured mounting pressure from the coronavirus pandemic while businesses wait for a vaccine to be distributed next year. The U.S. Department […]


Activity, Corporate Banking

Goldman Sachs bankers are using flying drones to help clinch billion-dollar M&A deals

November 25, 2020

Via: CNBC

Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s […]


Activity, Insurance

Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman

November 19, 2020

Via: Insurance Journal

Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told the Reuters Events Future of Insurance USA conference that […]