Risk & Compliance

Coronavirus

Google Launches ‘Mobility Reports’ to Monitor Social Distancing

Public health officials said the data could be helpful as they make critical decisions to combat COVID-19.

William Sprouse
April 3, 2020
Credit

Banks Brace for Crisis Loan Program Rollout

Lenders fear the launch of the $350 billion program could be "a disaster that could dwarf the failed kickoff of the Obamacare enrollment web site in 2013."
The Economy

Weekly Jobless Claims Soar to Record 6.64M

Job losses amid the coronavirus pandemic amount to "a staggering, sudden blow to American workers never seen before in the U.S. economy."
Fraud

Luckin Coffee Crashes After Company Admits COO ‘Fabricated Transactions’

Those involved in the scheme allegedly fabricated $310 million in total sales and inflated certain costs and expenses.
Global Business

Global Manufacturing Dives Amid Virus Lockdowns

Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.
Cash Flow

Increase DPO, If You Can: Metric of the Month

In uncertain economic times, companies need liquidity. But they also need strong supplier relationships.
Regulation

Fed Offers Liquidity to Foreign Central Banks

The new FIMA Repo Facility is the Fed's latest move to relieve stresses in financial markets resulting from the coronavirus crisis.
Regulation

FTC Sues to Reverse Altria’s Investment in Juul

“Altria and Juul turned from competitors to collaborators by eliminating competition and sharing in Juul’s profits."
Credit

Moody’s Cuts Corporate Debt Outlook to Negative

The Fed's unusual intervention in the market will help but "is unlikely to prevent distress at businesses with less certain long-term viability."
Credit

Fitch Lowers Outlook for Consumer Finance Sector

Loan forbearance offers to coronavirus-hit consumers are "prudent" but lenders' credit performance could “deteriorate rapidly” once they expire.
Coronavirus

GM Announces Ventilator Deal as Trump Fumes

"This is really an unprecedented activity that GM and Ventec are in to mass-produce a ventilator with an auto manufacturer."
Credit

Mortgage Relief Could Cripple Loan Servicers

Forbearance programs would cause liquidity problems for nonbank mortgage providers, the industry says.
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