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The bank has launched Regions Next Step to offer free online tools and resources for customers
Data indicates that banks have earned more than $20 billion in fees from processing PPP loans so far
Banks and credit unions need to be able to identify which of the loans in their portfolios are at risk of default, so that they can proactively address that risk
The Paycheck Protection Program has provided loans to almost half of businesses in every state – and in some it has reached much more
Authorities have inquired about Wells Fargo’s handling of PPP loans, according to a regulatory filing
Consumer survey shows that just a quarter of bank customers expect to change their behaviours in the next 12-24 months
The Fed is boosting several pandemic aid programs, including the PPP, as data shows more than half of its first expansion has been used up
Some states are phasing out stay-at-home orders and allowing businesses to reopen after nearly two months of lockdown
New York-based Signature Bank says roughly 14% of its loan book is seeking to defer payments as the pandemic challenges cashflow
Leaders should plan carefully how to resume normal office operations when pandemic measures start to be lifted, says McKinsey
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