Getting the Most Value from Your ALM Process
Asset-liability management is often treated as a compliance exercise, not a decision engine. How can ALM help improve banks’ performance?
Tax and Accounting
Senate Clears Massive Coronavirus Stimulus to Support Economic Growth
The Senate unanimously passed a sweeping $2 trillion stimulus package to provide relief to American consumers and businesses struggling as...
IRS Issues FAQs on Filing Date Extension, Clarifies Due Date for IRA, HSA Contributions
The IRS has issued a set of frequently asked questions related to the recently announced delay in filing dates for...
Reps. Meeks, Luetkemeyer Join Chorus for CECL Suspension, Delay
In a bipartisan letter, Reps. Gregory Meeks (D-N.Y.) and Blaine Luetkemeyer (R-Mo.) today joined the chorus of voices—including FDIC Chairman...
Loans Modified Due to COVID-19 Generally Not Treated as TDRs, Agencies Clarify
Loan modifications for borrowers affected by the coronavirus pandemic will not generally be required to be treated as troubled debt...
ABA, Financial Groups Ask SEC to Exercise Authority with CECL Delay
Amid the growing economic fallout from the coronavirus pandemic and public health response, ABA and several other financial trade groups...
Mnuchin: IRS to Move Tax Filing Deadline to July 15
Treasury Secretary Steven Mnuchin today announced that at the direction of President Trump, the IRS will extend the tax filing...
McWilliams Calls on FASB to Offer CECL Postponement
In light of the sudden and significant economic changes wrought by the coronavirus pandemic and public health response, FDIC Chairman...
Treasury Issues Guidance to Extend Tax Payment Deadline for 90 Days
As previewed by Treasury Secretary Steven Mnuchin yesterday, the IRS today issued a notice confirming that taxpayers may defer their...
Treasury to Extend Tax Payment Deadline for 90 Days
In a press conference Tuesday afternoon, U.S. Treasury Secretary Steven Mnuchin announced that taxpayers may delay making tax payments that...
