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Credit Risk
Planned new rule will address legal uncertainty regarding which entity owns a loan that it sold by a bank to a third party
The New York-based bank will close six branches and merge them into other existing premises after a multi-year fall in in-person visits
The $50 billion bank will also invest in training programs for staff and take proactive measures to improve recruitment and supplier diversity
The association has written to its members to urge facial coverings for staff and customers as President Trump resists advice from medical experts
Decentralized finance (“DeFi") has grown from a blockchain-based FinTech sandbox into a complex array of platforms through which borrowers, lenders and investors can undertake bank-like transactions without banks
Investors have shied away from bank stocks despite multiple stress tests showing the sector to be performing well amid the pandemic
Cloud technology has the banking sector firmly in its sights, and the industry can no longer ignore the opportunity
The bank has put all the fees it generated from the PPP into the pandemic recovery fund
The new comptroller has warned banks not to use the coronavirus pandemic as a cover for cutting services
Companies that received PPP loans should be able to spend their time on rebuilding post-pandemic, not filling out complex forms, associations argue
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