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The Challenges of Social Distancing for Banks

The Challenges of Social Distancing for Banks

As branches close, cut hours, or reduce services during the pandemic, Greenwich research highlights problems for traditional approaches
Firms ‘Shut Out’ of Canada Pandemic Support

Firms ‘Shut Out’ of Canada Pandemic Support

Some of Canada’s smallest companies do not qualify for the country’s PPP equivalent pandemic support
New York Based Modern Bank’s Unique Approach in helping businesses through the Covid-19 crisis

New York Based Modern Bank’s Unique Approach in helping businesses through the Covid-19 crisis

Banks will need to process approximately 50 times their normal annual volume in the next 30-60 days under the Paycheck Protection Program
Fed Relaxes Wells Fargo Restrictions to Boost PPP

Fed Relaxes Wells Fargo Restrictions to Boost PPP

Bank granted ‘temporary and narrow’ relief from 2018 balance sheet restrictions to aid small business loan program
Global Payments Market to Hit $1trn by 2023, Study Says

Global Payments Market to Hit $1trn by 2023, Study Says

Rapid growth is being accelerated by measures put in place to combat the spread of COVID-19
Cost of Compliance Expected to Hit $181bn

Cost of Compliance Expected to Hit $181bn

Complex regulations and required manpower are pushing costs higher, but fraud attempts are rising
SBA Scrambles to Solve PPP Processing Problems

SBA Scrambles to Solve PPP Processing Problems

The government’s $349 billion small business support package is facing issues already, according to reports
Banks Urge Vigilance Amid Rise in Pandemic Scam Emails

Banks Urge Vigilance Amid Rise in Pandemic Scam Emails

Fraudsters are posing as health officials or charity workers in order to cheat people into handing over money
Fifth Third to Hire 1,000 Staff to Help COVID-19 Response

Fifth Third to Hire 1,000 Staff to Help COVID-19 Response

Banks are continuing to explore ways of supporting local communities, customers, and medical staff during the pandemic
Wells Fargo’s Past Misdemeanors Weigh on PPP Support

Wells Fargo’s Past Misdemeanors Weigh on PPP Support

The bank is targeting $10 billion in PPP loans but is restricted by measures put in place following the fake accounts scandal
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