CFO Optimism Continues to Grow Despite Virus
The fourth-quarter CFO Survey indicates that finance chiefs are "seeing over the cloud of the pandemic."
Fed Lifts Freeze on Bank Share Repurchases
The Fed voted 4-1 to ease restrictions on buybacks and dividends it had imposed to ensure banks preserved capital amid the coronavirus pandemic.
Biden to Name Ex-Fed Chair Yellen to Lead Treasury
"Janet Yellen is brilliant ... and seems to be popular in all factions, from the financial markets to Main Street."
Mnuchin to Let Emergency Credit Programs Lapse
If the economy "really goes south," the Treasury Secretary "will go down in history as the man who took away a safety net when it was really needed.”
Main Street Program Gets First Nonprofit Borrower
The Sun Belt Conference's commissioner believes its $4.4 million loan from the Fed program is "really going to help us do what we need to do."
Banks Report Tightening Loan Standards in Q3
A Fed survey shows banks are continuing to raise the bar for lending in response to worsening economic conditions.
Fed Chair Jerome Powell Calls for More Stimulus
The central bank chair said fiscal stimulus is needed to help the economy recover from the effects of the coronavirus.
Citigroup Fined $400M Over Risk System Defects
“The public rebuke marks a major escalation of regulators’ efforts to get Citigroup to fix its risk systems."
CFOs Skeptical About Recovery Before Next Year
"All indicators from The CFO Survey point towards a slow return to normal that is challenging to forecast due to the uncertainty created by this virus.”
Banks Wary of Fed’s Main Street Loan Program
Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.
Former Fed Officials Urge Senate to Reject Fed Nominee
The group said Judy Shelton was ‘incapable’ of leaving politics at the door.