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UBS boss Ermotti says too-small European banks must consolidate

UBS Group Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive......»»

Category: topSource: reutersNov 13th, 2019

UBS boss Ermotti fears Europe"s banks "too small to survive"

UBS Group Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive......»»

Category: topSource: reutersNov 13th, 2019

Keep calm and work from home during coronavirus, European banks tell workers

Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak......»»

Category: topSource: reutersMar 4th, 2020

ECB"s tiered rate is cold comfort for euro zone banks

The European Central Bank is giving euro zone banks a small reprieve from a penalty charge on their idle cash but this is likely to prove too little, too late for a sector hurt by years of low interest rates......»»

Category: topSource: reutersSep 12th, 2019

Italy government delays, amends reform of small lenders

Italy's government agreed on Tuesday to delay a reform of small banks, slowing an overhaul planned by the former center-left government and backed by the European Central Bank......»»

Category: topSource: reutersJul 24th, 2018

Small steps from stocks after rally, giant leap for yuan

Soothing words from the world's top central banks helped stocks consolidate a strong start to 2019 on Friday, while China's yuan capped its best week since it shed its dollar peg in 2005......»»

Category: topSource: reutersJan 11th, 2019

QuoteMedia Announces Small Growth in Revenue for Q2 2020

PHOENIX, Aug. 12, 2020 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB:QMCI), a leading provider of market data and financial applications, announced financial results for the three and six months ended June 30, 2020. QuoteMedia provides banks, br.....»»

Category: earningsSource: benzingaAug 12th, 2020

SBA is set to open its PPP forgiveness portal. Here"s why many small businesses will have to wait.

Ever-shifting rules and regulations are making some banks hesitant to open up PPP loan forgiveness right away......»»

Category: topSource: bizjournalsAug 10th, 2020

Europe"s banks could take a $947 billion hit in a post-pandemic worst-case scenario, consultancy Oliver Wyman says

Oli Scarff/Getty European banks are set to face credit losses of as much as 800 billion euros ($947 billion) in the next three years in a worst-case scenario, according to an Oliver Wyman report. In case the region is.....»»

Category: topSource: businessinsiderAug 1st, 2020

Op-Ed: PPP forgiveness is problematic and should be fixed

The Paycheck Protection Program (“PPP”) is arguably one of the United States government’s most popular fiscal responses to the coronavirus pandemic. PPP offers a working-capital loan to small businesses, delivered by private banks, which ca.....»»

Category: topSource: bizjournalsJul 31st, 2020

Upstate New York banks putting aside money in case of more Covid-19 defaults, deferrals

Large and small banks across the country are se.....»»

Category: topSource: bizjournalsJul 30th, 2020

Europe Markets: European stocks struggle amid earnings rush and as Fed decision looms

European stocks tilted mostly lower on Wednesday as investors waded through a ton of corporate results, largely from big banks. A Federal Reserve decision is expected later......»»

Category: topSource: marketwatchJul 29th, 2020

: European Central Bank extends bank ban on dividends and stock buybacks

The ECB has extended a ban on banks paying dividends and buying back stock......»»

Category: topSource: marketwatchJul 28th, 2020

Ryanair CEO is pushing Boeing to cut prices on delayed 737 Max jets

The boss of the ultra low-cost European airline says he remains a "devoted, committed" buyer of Boeing's grounded aircraft......»»

Category: topSource: bizjournalsJul 28th, 2020

Black-owned bank executive cites lack of documentation as barrier to PPP loans

One of the nation's largest Black-owned banks shares insights on why small businesses struggled to access Paycheck Protection Program loans......»»

Category: topSource: bizjournalsJul 23rd, 2020

Big banks prepare for protracted recession, report significant drop in profits

The banks’ more pessimistic outlooks come as millions of people remain out of work, thousands of small businesses close their doors forever and some states begin to shutdown for a second time to contain the spread of the coronavirus......»»

Category: topSource: washpostJul 14th, 2020

Big banks are preparing for a protracted recession

The banks’ more pessimistic outlooks come as millions of people remain out of work and thousands of small businesses close their doors......»»

Category: topSource: washpostJul 14th, 2020

Chinese banks must brace for surge in bad loans, regulator says

China’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some small and mid-sized financial institutions was accelerating......»»

Category: topSource: foxnewsJul 11th, 2020

See which lenders approved the most PPP loans in the Miami Valley

Many of the region's largest banks were among the leaders, though some smaller institutions that focus primarily on small-business lending made the list as well......»»

Category: topSource: bizjournalsJul 11th, 2020

Help Desk: When banks aren"t an option, look to economic development organizations

Small businesses should look to local economic development organizations to leverage all the resources they can get during this difficult time......»»

Category: topSource: bizjournalsJul 9th, 2020

Fed’s Main Street program has few big banks so far

More than three months after the Federal Reserve announced a new effort to shore up the economy aimed at small and medium-size businesses, only one of the nation’s largest banks has joined the $600 billion loan program......»»

Category: topSource: washpostJul 8th, 2020