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Tag: coronavirus


Capital and Risk, Macroeconomic

Treasury Secretary Yellen: ‘The Cause of This Inflation Is the Pandemic’

November 15, 2021

Via: CNSNews.com

Don’t blame inflation on Washington’s multi-trillion spending spree: “I think it’s important to realize that the cause of this inflation is the pandemic,” Treasury Secretary Janet Yellen told CBS’s “Face the Nation.” “The pandemic has been calling the shots for […]


News

Canada’s Five Biggest Banks to Require Employees to Be Fully Vaccinated

August 23, 2021

Via: Insurance Journal

Canada’s five biggest banks are mandating that employees working from their offices must be fully vaccinated against COVID-19 this fall, taking a firmer stance than some of their U.S. counterparts and some other Canadian companies. Royal Bank of Canada (RBC), […]


Activity, Channels, Retail Banking

Leveraging Rationalization to Tackle Digital Transformation

August 19, 2021

Via: Bank Director

The coronavirus pandemic has had a notable impact on financial institutions, creating a more-urgent need to embrace digital-first banking. However, shifting to digital doesn’t just mean adopting new digital banking tools — a common misconception. Rather, it requires that banks […]


Regulations

Senators, bank CEOs spar on Capitol Hill over compensation, voting rights

May 27, 2021

Via: Banking Dive

For the first time since 2019, a panel of the nation’s most powerful bank CEOs testified at a congressional hearing Wednesday. The virtual hearing started off with the CEOs of the nation’s six largest banks touting their pro-social efforts to […]


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 […]