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Management

New York-based Signature Bank says roughly 14% of its loan book is seeking to defer payments as the pandemic challenges cashflow
The ABA and National Bankers Association have entered into a strategic partnership to expand services to both membership groups
Leaders should plan carefully how to resume normal office operations when pandemic measures start to be lifted, says McKinsey
New appointments at OCC, Goldman Sachs, Wells Fargo, MUFG, Summit State Bank, Sonabank, and more
Bank of America was sued by plaintiffs alleging that the bank violated the CARES Act by prioritizing borrowers with existing lending relationships and did not allow applicants without such relationships…
Plus: Shareholders hold up California banks deal, MVB sells West Virginia branches, IBERIABANK-First Horizon merger approved, Northwest-MutualFirst merger completes
S&P Global Market Intelligence has revealed the biggest banks in the US and the world by assets
Lawsuit alleges unfair business practices by prioritizing borrowers who were seeking larger loan amounts rather than a good faith effort to take business on a first come first serve basis
The Paycheck Protection Program ran out of funds last week after approving more than 1.6 million applications
Select Bank & Trust adds branches from Entegra, First Citizens completes purchase of MidCoast, and Evans nears completion of FSB acquisition
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