Interviewed on CBS News’ “Face the Nation” this morning, Bank of America Chairman and CEO Brian Moynihan emphasized the role banks are playing in the global “war” on coronavirus.
The OCC today issued guidance for banks that may need to temporarily close or otherwise restrict access to a facility due to staffing issues or other precautionary measures related to the coronavirus pandemic.
Federal Reserve Financial Services on Thursday issued a statement assuring its customers that it does not anticipate business disruptions as a result of the coronavirus pandemic.
Having increased total equity capital by nearly $800 billion since the financial crisis, banks are healthy and ready to continue supporting consumers and small businesses during this time of uncertainty.
As the World Health Organization officially labeled the 2019 novel coronavirus a global pandemic today, American Bankers Association President and CEO Rob Nichols joined CEOs from some of the nation’s largest banks at a White House meeting with President Trump this afternoon to discuss the financial industry’s response.
To help banks address the operational challenges posed by the novel coronavirus, Summit Technology Group announced today that it will offer complimentary cloud desktops and business continuity resources to American Bankers Association member banks.
Recognizing the potential effects of the 2019 coronavirus disease on bank customers, financial regulators today issued a statement calling on banks to work constructively with borrowers and others affected by the virus in their communities.
With the number of reported cases of the novel coronavirus on the rise in the U.S., the Federal Financial Institutions Examination Council late Friday issued guidance for banks on business continuity planning in the face of a pandemic.
Acknowledging the “evolving risks” that the coronavirus outbreak poses to the U.S. economy, the Federal Open Market Committee unanimously voted to cut the target range for the federal funds rate by 50 basis points to a range of 1% to 1.25%.
While general trade uncertainty remained somewhat elevated, participants in the Federal Open Market Committee’s January…