Recent news about a COVID-19 vaccine that's ready for distribution has led to a sharp steepening of the yield curve, which is a good thing for banks as interest margins will increase, and profits will follow. More..
The OCC has issued its final rule surrounding the "valid-when-made" principle and is clearing up uncertainties regarding which financial institution is considered the true lender in terms of bank-fintech partnerships. More..
Confidence among US workers in various industries is up, according to a recent LinkedIn survey. This improved positivity comes despite the ongoing COVID-19 pandemic as different industries come up with more innovative ways to continue doing business. More..
Midsize banks are seeing an increase in loan defaults and tighter margins, and the issue will likely worsen in the near term. In response, banks should sell nonperforming or criticized assets and purchase high quality performing loans. More..