NEW YORK–The nation’s biggest banks may have seen billions of dollars in fee-income from making loans through the Paycheck Protection Program, but many of them say they expect to see little margin from the PPP, with other indicating they will donate to various charities any profits made.
Fresh Today
NEW YORK–The primary role of traditional banks in providing financing and capital is set to be challenged further in a post COVID-19 world by non-banks, according to a new report from PwC that further suggests near zero interest rates and the rise of digital-only players will create tighter margins across product portfolios.
MIAMI–Credit unions looking to stay ahead of the curve on which of their small business members are most likely to be struggling as the result of the coronavirus pandemic might want to pay attention to an analysis by an economist well known to many.
NEW YORK–One credit union has appeared in a list of 20 providers of high-yield savings accounts, and it’s offering a whopping 6.17% APY (but with a caveat).
NEW YORK—New York again heads the rankings of the world’s leading global financial centers.
WASHINGTON—October is National Cybersecurity Awareness Month, and the U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence has issued a pair of advisories to assist U.S. individuals and businesses in efforts to combat ransomware scams and attacks, which continue to increase in size and scope.
VIRGINIA BEACH, Va.–One large Virginia credit union has announced plans to merge in one small Virginia CU.
MCLEAN, Va.—Despite a tightening of lending standards by credit card issuers, attractive offers for new sign-ups just keep coming.
NEW YORK—As the pandemic persists and more consumers shift to online purchases, new solutions are being introduced with a goal of better protecting shoppers’ ecommerce buys.
JERUSALEM—In a newly proposed bill, the Israeli Knesset outlined several changes related to the taxation of Bitcoin. Instead of viewing bitcoin as an asset and taxing its sale with a 25% capital gains tax, the new rules may recognize it as a currency.