Banks experienced significant balance sheet expansions in March 2020 due to unprecedented increases in commercial and industrial (C&I) loans and deposit funGlancy, DavidGross, MaxwellIonescu, Anamaria FeliciaSocial Science Electronic Publishing
It is a program that has worked particularly well in the financial industry, where phishing attacks aimed at scamming users out of their banking details were being targeted at multiple banks in multiple geographies. “Let’s say we’ve got 100 banks, subscribed to a particular service and the ...
B2B was also less affected by COVID-related disruptions than consumer-facing businesses were. Now consumer use cases like travel payments are starting to recover, with leading tourist destinations in Southeast Asia seeing upturns in inbound and outbound travel.8 With inter-and...
Why it matters.From early on in the COVID-19 crisis, governments and businesses alike were forced to go into emergency mode to mitigate the impact on supply chains. The crisis revealed weaknesses or risks in various market segments, such as governments banning exports of ...
Using digital as a lever for banks to build resilience and add value One of the key levers that banks can utilise to build resilience and lower costs is digitisation. It is well-known that digitisation lies at the heart of resilience in the banking industry, but the COVID-19 pandemic has...
“You saw results that were all over the place, especially as we moved down the size range,” he said. “Some institutions made minor adjustments, saying ‘we’ll see,’ while others were more proactive about it.” Moore expects more convergence as future consensus emerges regarding impacts ...
As the nation turned the calendar page to May. many states began to ease stay-at-home orders and...Meinert, Monica C.Simmons-Boardman Publishing Corp.ABA Banking Journal
Paycheck Protection Program.This program specifically addresses business disruption caused by COVID-19 by enabling any eligible business to maintain payroll and/or rehire employees who were laid off due to the pandemic. The loans may also be used for utilities, rent and other business ope...
The rates have been exceptionally low and central banks were signaling that they would not raise them in the near term. Tim Koller: We have been studying the impact of interest rates on valuations and the cost of equity for well over 20 years now. While interest rates ...
March was supposed to be a busy month for automakers. They'd have the Geneva Motor Show to stage world premieres, and they'd be occupied with preparations for April's Beijing Auto Show, the largest auto event of the year. But all that has changed due to the co...