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Europe’s Banks Face ‘More Pain’ from COVID-19

Europe’s Banks Face ‘More Pain’ from COVID-19

A Deutsche Bank analysis lays bare the impact on Europe’s banks – but highlights their crucial role in the recovery
OCC Comptroller Otting to Step Down

OCC Comptroller Otting to Step Down

COO Brian Brooks is to take over as acting Comptroller from June 1 as Otting completes his two-and-half year term
Santander Pays $550m to Settle Loan Dispute

Santander Pays $550m to Settle Loan Dispute

The bank’s consumer lending arm has agreed on a settlement with 33 states and the District of Columbia over legacy car loan practices
‘Open Banking’ Users to Double by 2021: Research

‘Open Banking’ Users to Double by 2021: Research

Open banking users expected to hit 40 million by end-2021, while payments forecast to total $9 billion
Lenders Warned Over Potential $130bn Credit Card Losses

Lenders Warned Over Potential $130bn Credit Card Losses

McKinsey warns on the elevated risk of increased losses as the pandemic-induced unemployment rate rises
More Fintechs Step Up Pandemic Support

More Fintechs Step Up Pandemic Support

Technology companies have continued to roll out new or enhanced services for corporate and individual customers
Major Banks Granted Additional Lending Capacity

Major Banks Granted Additional Lending Capacity

A temporary rule change will allow the largest US lenders to expand their balance sheets further to help companies and households through the pandemic
Fed Sounds Warning on Household, Business Debt Strains

Fed Sounds Warning on Household, Business Debt Strains

Historically high levels of debt could lead to losses at lenders in the coming months, says a new Federal Reserve report
How Banks Can Ensure a Safe Return to Office Working

How Banks Can Ensure a Safe Return to Office Working

Leaders should be prepared to support long-term remote working in case of a second spike in virus cases, Deloitte says
How PPP Forgiveness Will Work

How PPP Forgiveness Will Work

The SBA has published details of how borrowers using the $669 billion lending program can have their loans forgiven
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