Credit

The Economy

No Interest Rate Increases for Three Years: Fed

The Fed's Open Market Committee said that the ongoing public health crisis would continue to weigh on economic activity, employment, and inflation.

Vincent Ryan
September 17, 2020
Global Business

Moody’s Pushes Turkey Debt Rating Down to B2

"As the risks to Turkey's credit profile increase, the country's institutions appear to be unwilling or unable to effectively address these challenges."
Credit

Another Weak Quarter for U.S. Banks

Banks' net interest margins plummet; poor business loan performance pushes up delinquency and charge-off rates.
Credit

How to Respond When Your Banker Requests a Visit

Borrowers should not be surprised when their lender requests a “checkup,” financial review, or audit.
Credit

The Sustainable Financing Roadmap

A universal set of guidelines exists to set C-suite executives on the proper course to capitalize on the opportunity presented by green bonds and loans.
Cash Flow

Will There Be a Second Round of Paycheck Protection Loans?

Under proposed legislation, smaller businesses would be targeted, and they would have to show a 50% revenue drop.
Regulation

Tuesday Regulatory Update: The Winds of Fraud

Swap fraud; wind turbine con; holding firm on LIBOR switch; and more.
Credit

U.S. Banks Tighten Lending

Business loan standards are tightening because of the uncertain economic outlook, worsening of industry-specific problems, and reduced tolerance for risk.
Bankruptcy

5 Common Misconceptions About the Chapter 11 Bankruptcy Process

Some perceive Chapter 11 as a fix-all for troubled companies, even though it’s not.
Credit

Watchdog Warns of ‘Significant’ PPP Fraud Risk

The GAO says "minimal" underwriting standards left the $670 billion small business rescue program vulnerable to fraud.
The Economy

U.S. Mortgage Delinquency Rate Jumps to 7.76%

More mortgages were past due in May than at any time since 2011 as Americans continue to struggle to pay bills amid the COVID-19 pandemic.
M&A

Ally Financial’s Takeover of CardWorks Called Off

The companies agreed to terminate the $2.7 billion deal, citing the "unprecedented" impact of the COVID-19 pandemic.
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