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Chicago Purchasing Managers Index Tumbles To 38-Year Low

PYMNTS

The widely watched Chicago Purchasing Managers Index fell to 32.3 Order backlogs likewise tumbled 28 percent to their lowest level since March 2009 during the Great Recession. percent of purchasing managers surveyed told the two firms that they expect COVID-19 to impact their businesses for six to nine months. Another 22.9

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Banks’ Brand Value Slumps for First Time Since 2009 Credit Crisis

Banking Exchange

Morgan and Merrill Bank Performance The Economy Retail Banking Financial Trends Management Feature Customers Performance Feature3. US sector takes 5% hit – despite strong performance from J.P

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Money Management During The Coronavirus Crisis

BankBazaar

It is way worse than the global financial crisis of 2008-2009.”. Therefore, smart money management is critical to survival through this period. HOW TO MANAGE CASH. The dos and don’ts of liquidity management. There are two broad concerns: managing existing investments and making fresh investments. AVOID PANIC.

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Dashlane Password Manager Startup Raises $22.5M

PYMNTS

TransUnion is betting big on Dashlane , a password management company that enables users to monitor their online identities across multiple sites and apps, by leading a Series C funding round for the startup. The password and online identity management startup is now used by more than 5 million consumers across 150 countries.

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Get your ducks in a row: HVCRE risk management

Abrigo

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. Ashbaugh goes on to demonstrate that the default rates for these loans did not peak until about 2009, and the ALLL did not increase until 2010.

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Rounding Out SME Cash Management Offerings

PYMNTS

Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spend management platform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa. Alternative lending platforms integrating with providers of other financial services has become a new norm.

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Managing Commercial Real Estate in a COVID-Ravaged Landscape

Gonzobanker

If the institution is using this service in the AML and fraud departments, it might be wise to open these searches to loan officers managing their portfolios. Studies show that institutions that more rapidly pushed workouts in 2009-2012 came out healthier than those that chose to wait. Explore what guidance regulators might provide.