Recession

Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B

Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
June 25, 2020  |  Banking

The Federal Reserve Board indicated that financial institutions (FIs) can stay strong even as they weather turbulent economic conditions, as it unveiled the results of...

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Data Show 42 Pct Of Small-Cap US Businesses Failing To Turn Profit
Data Show 42 Pct Of Small-Cap US Businesses Failing To Turn Profit
June 23, 2020  |  SMBs

The number of small U.S. companies not turning a profit has reached an unfortunate historic high due to the coronavirus pandemic, the Financial Times reports....

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FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
June 17, 2020  |  Bank Regulation

U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year,...

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US Debt Swells In Battle Against COVID-19 — And Bumps Lie Ahead
US Debt Swells In Battle Against COVID-19 — And Bumps Lie Ahead
June 12, 2020  |  Economy

In girding for battle, it’s critical to stock up on supplies, on weapons. Get the Full Story Complete the form to unlock this article and...

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Economic Research Bureau Says US Is Officially In Recession
Economic Research Bureau Says US Is Officially In Recession
June 08, 2020  |  Economy

If there was any doubt that the U.S. is in a recession, the nation’s scorekeepers made it official on Monday (June 8). Get the Full...

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Moody’s Economist: ‘The COVID-19 Recession Is Over’
Moody’s Economist: ‘The COVID-19 Recession Is Over’
June 03, 2020  |  Economy

While companies cut nearly 2.8 million jobs last month, Mark Zandi, chief economist at Moody’s Analytics, said it was far less than forecast and the...

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Today In Payments: China’s Rebounding Economy Is Likely Not Norm; At Least $20B Of PPP Loans Have Been Canceled
Today In Payments: China’s Rebounding Economy Is Likely Not Norm; At Least $20B Of PPP...
June 01, 2020  |  News

In today’s top news, China’s economy looks to be rebounding, and a minimum of $20 billion in PPP loans has been returned. Plus, lawmakers ask...

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Survey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
Survey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
May 28, 2020  |  Economy

A majority of American millionaires say they plan to spend less this summer than in years past, according to a new Second Quarter CNBC Millionaire...

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