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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.
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Smaller banks have been a huge contributor to PPP loans over the past few months, but growth in balance sheets puts them over asset thresholds that would place them under greater scrutiny. But federal regulators are offering relief.
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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.
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Selling off risky loans — especially with today's high loan prices — can be a great way for lenders to hedge against risk in the current economic environment.
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The Fed Vice Chair for Supervision is exhorting the banks to lend more but realizes that there may be disincentives. One avenue banks and credit union can take is to buy high quality, shorter duration consumer assets with yields to bolster balance sheets.
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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.
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With decreased spending opportunities due to the pandemic, consumers have lowered their expenses and continue to pay down debt. Unfortunately, this is making it difficult for banks and credit unions to support loan growth and earnings, which warrants the need to add loan growth through high-quality performing portfolios.
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Smaller banks are using the MSLP as a way to attract larger commercial clients as bigger banks appear to stick only to serving existing clients.
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Home prices have increased over recent months thanks to a busy nationwide real estate market despite the coronavirus pandemic. This has led to a strong mortgage market, making now a good time to sell off mortgage portfolios that are not strategic or ideally performing.
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Banks have added a lot to reserves and have seen relative stability in loan charge-offs. So far, banks seem to be weathering the pandemic quite well.
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