Activity, Capital and Risk, Corporate Banking, Credit
February 5, 2021
Via: Banking DiveThe Fed’s annual survey, canvassing 15,000 businesses, gives another perspective on the effectiveness of pandemic-prompted relief programs. About 91% of respondents applied for emergency funding during the pandemic, the survey found. For 82%, that was the Paycheck Protection Program (PPP). […]
January 11, 2021
Via: CNBCInterest rates could rise sooner than forecast as the economy recovers more quickly than expected from the throes of the Covid-19 damage, Atlanta Federal Reserve President Raphael Bostic said Monday. While most of his colleagues don’t see a rate hike […]
December 21, 2020
Via: Banking DiveNone of the largest banks fell beneath their capital minimums under the Fed’s hypothetical stress scenarios, which assessed how banks are navigating the coronavirus pandemic, the central bank said. Due to the strong performance from banks in the second stress […]
Capital and Risk, Macroeconomic
December 16, 2020
Via: CNBCThe Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic Projections released on Wednesday. The central bank now expects real gross domestic […]
November 17, 2020
Via: YahooIt also generally means higher interest rates on loans, which is good for a bank’s bottom line. The United States has gone into recession, Federal Reserve-managed prime interest rates dropped to the 0%-0.25% range, and millions of people were losing […]
Capital and Risk, Macroeconomic
November 11, 2020
Via: AolEconomists and market analysts say that when President-elect Joe Biden takes the oath of office in January, he will inherit a battered economy. While most metrics of economic activity have risen from the record-shattering lows they hit in March and […]
Capital and Risk, Macroeconomic
October 28, 2020
Via: CNBCFederal Reserve officials have been pressing Congress to provide more fiscal help to the U.S. economy, and with good reason: The central bank is running out of ways it can help. Since the expiration of key provisions of the $2.2 […]
October 12, 2020
Via: Banking TechnologyThe South Dakota-based bank was found to have “deficiencies” in enterprise-wide and compliance risk management, as well as its data governance and internal controls. As well as paying a hefty fine to the US Treasury, Citi will also have to […]
September 11, 2020
Via: Banking TechnologySheila Clark, the Fed’s programme director for its diversity office, says submissions of diversity policy and practice assessments had “slightly increased” over the past two years. But in a congressional testimony published ahead of a hearing on Tuesday, the Fed […]
September 2, 2020
Via: Market WatchLong-dated U.S. Treasury yields fell on Wednesday as investors fretted over the fragility of the U.S. economic recovery which has led investors to expect the Federal Reserve will keep interest rates at rock-bottom for an extended period. What are Treasurys […]