PYMNTS

JUNE 19, 2020

Edward Altman has bad news for the nation’s publicly-traded businesses struggling to stay solvent since COVID-19 struck three months ago. Despite predictions for an economic rebound in the second half of 2020, Altman said he expects an avalanche of filings by companies with $1 billion or more in debt. In 2009, the number was 49.

New York 149

New York Groups Report Company 149

PYMNTS

APRIL 22, 2020

Treasury Secretary Steven Mnuchin said while he is sensitive to concerns over increasing federal debt, it’s essential to spend money to rescue the economy as the fight against COVID-19 continues. We are all sensitive to the economic impacts of putting on debt and that’s something that the president is reviewing with us very carefully.”.

US 141

US Washington Taxes Policies 141

PYMNTS

MARCH 27, 2020

Small businesses are looking for good results from the House of Representatives’ vote on Friday (March 27) on a $2 trillion stimulus package that would send funds to help them weather the coronavirus pandemic’s debilitating effects on their businesses. Hair Salon. He did decide to pay Duke Energy for power costs.

Ohio 140

Ohio Taxes System Operations 140

PYMNTS

AUGUST 11, 2020

Earnings season has shed light on the actions banks are taking to prepare for the possibility that loans will sour amid COVID-19 , as many individuals, families and businesses face a cash crunch. Cash crunches, of course, make carrying debt all the more burdensome. banks alone have reserved $76 billion to cover bad loans.

United States 217

United States Survey Maine Course 217

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But if the median income is within spitting distance of where it once was, credit has loosened up – to the point where all told, consumer debt totals about $13.3 Mortgages ?

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

APRIL 23, 2020

The biggest benefactor of the Paycheck Protection Program (PPP) is a Dallas, Texas-based hotelier named Monty Bennett, who has received $59 million from the program intended to help small or medium-sized businesses with the economic crisis. Bennett has also stopped making payments on $4 billion in debt.

Texas 341

Texas Dallas Fraud Management 341

BankUnderground

JULY 20, 2021

This post reviews the literature on the consequences of debt for corporate and macroeconomic outcomes, drawing both on the pandemic period and on previous financial crises. Corporate debt may also be correlated with negative outcomes in the pandemic as well, but it is still early to draw direct conclusions. Source: Multiple sources. (a)

Policies 104

Policies US Marketing Capital 104

PYMNTS

APRIL 10, 2020

Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. The New York Fed, after all, said this week that a March survey of consumers found increasing worries over job losses and debt. It’s all meant to shore up the U.S.

Lending 338

Lending Maine New York Survey 338

PYMNTS

JUNE 25, 2020

Debt, by and large, is the option the vast majority of consumers have. But he noted, Unison was founded under the belief that innovation could be incorporated — and that there should be options other than taking on debt when it comes to accessing the equity in one’s home. . Where you teach your kids and where you work out.

Las Vegas 255

Las Vegas Miami San Diego San Francisco 255

PYMNTS

DECEMBER 14, 2020

As seen in the Mastercard Economic Institute’s Economy 2021 report, both governments and businesses have faced a tough and transformative year. There's the businesses that are investing heavily, and then the consumers that are adopting quickly. The crisis came at a time where confidence was really high in buying online.

Report 266

Report Online Analysis Retail 266

PYMNTS

DECEMBER 22, 2020

Investors have spent over $1 billion this year on buying up successful small businesses to try and create new digital conglomerates, according to the Financial Times. With the lucrative finances, investors see an opportunity to treat Amazon like "the new mall," rolling up businesses and scaling them up, FT writes.

San Francisco 209

San Francisco New York Marketing Report 209

PYMNTS

APRIL 16, 2020

To assist small- and medium-sized businesses (SMBs) in keeping their cash flow safe from unpaid or late payments on invoices, Tide has rolled out a new invoice protection offering with the help of Hokodo , according to a press release. Those businesses spent an average of 1.5 SMBs in 2019. hours per day attempting to get paid.

Payments 175

Payments Groups Marketing 175

PYMNTS

JULY 1, 2019

In fact, BIS said the boost in borrowing in recent years by businesses with low credit scores could cause a crisis like the one that led to the 2008 banking crash. There is most concern about corporate debt, more than the household or sovereign sectors.”. While firms in the U.S. — and, to a lesser extent, the U.K.

Taxes 128

Taxes Policies Regulation System 128

PYMNTS

JUNE 16, 2020

Zombie companies are those that remain in business but are so deeply in debt that they’ll never catch up. monetary policy seems to ease by the day, enterprises of all sizes are tapping time and again into debt markets — potentially creating a corporate landscape littered with zombie firms. In an age where U.S. economic recovery.

Company 130

Company Marketing US Policies 130

PYMNTS

APRIL 14, 2020

consumer products firm is not benefiting from the coronavirus crisis. consumer has typically a bigger house and more appetite for credit card debt than elsewhere in the world.”. Last month, Jope pledged $549 million to support companies doing business with Unilever. I think the U.S.

Branding 173

Branding Community Retail Cards 173

TheGuardian

JUNE 7, 2020

Report finds businesses will have £97bn-£107bn worth of unsustainable debt by March A City taskforce is warning that up to £36bn worth of government-backed business loans could turn toxic by next year, as companies struggle to repay growing debts during the Covid-19 crisis. Continue reading.

Groups 84

Groups Report Company 84

BankUnderground

MAY 25, 2022

Many UK firms weathered the Covid shock by taking on debt. Small and medium-sized enterprises (SMEs) in particular borrowed at an unprecedented rate and their debt increased by around a quarter since end-2019. Debt can help firms bridge liquidity shortfalls and finance productive investment.

Capital 79

Capital Policies Tools Regulation 79

Abrigo

APRIL 14, 2020

While community financial institutions have been focused on the Small Business Administration’s Paycheck Protection Program (PPP), the Federal Reserve recently unveiled a new loan-purchase program, the Main Street Lending Program (MSLP). This flexibility will allow businesses to deploy funds to maintain their business during the crisis.

Maine 195

Maine Lending Community Study 195

PYMNTS

AUGUST 23, 2020

The Wall Street Journal (WSJ) reports a majority of Europe's biggest financial institutions (FIs) are ending old business models, trimming unprofitable business lines, boosting profitable ones and finding a formula that works. European banks face a profitability crisis,” Citigroup banking analyst Ronit Ghose told WSJ. “In

Lending 209

Lending Groups Report Technology 209

BankUnderground

SEPTEMBER 28, 2021

Prior to the Covid-19 (Covid) shock hitting the world economy in March 2020, concerns about US corporate debt sustainability were on the radar of the media and policymakers. Corporates had been accumulating debt at a rapid pace, leading to a record-high debt level of 47% of GDP in 2019.

Albuquerque 98

Albuquerque US Maine Policies 98

PYMNTS

OCTOBER 4, 2019

Bloomberg is reporting that the sale could value Finastra at $10 billion with debt included. Digital banks are generally seen as more attractive, as they are no longer struggling to find a solid foothold after the financial crisis a decade ago. The company also has about $6 billion in debt. Vista purchased DH Corp.

Fintech 197

Fintech Community Bank Community Leadership 197

PYMNTS

SEPTEMBER 29, 2020

But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. At least some of the improvements in financial position may also have come through private business ownership. The Fed noted that, overall, about 13 percent of families surveyed owned a business. Debt Burden .

Survey 131

Survey Online Report Course 131

PYMNTS

NOVEMBER 6, 2020

Walmart is leaving Argentina, announcing a deal to sell its stores there to a regional grocery chain amid an economic crisis that is gripping the South American country. Walmart, the world’s largest brick-and-mortar retailer, announced Friday (Nov. Argentina faces trouble on two fronts.

Retail 152

Retail Taxes Regional Operations 152

PYMNTS

MARCH 31, 2020

trillion stimulus bill isn’t likely to help businesses that were already feeling a crunch from the economy before the virus. The crisis, he said, will probably lead to a “meaningful acceleration of the retail shakeout.”. Many businesses have been searching through the new congressional bill looking for help in weathering the storm.

Retail 139

Retail Industry Study National 139

Abrigo

MARCH 20, 2020

Key Takeaways For the first time in more than a decade, bankers may be dealing with large numbers of TDRs due to the coronavirus crisis. It’s been more than a decade since bankers have had to deal with Troubled Debt Restructurings (TDRs) on any kind of scale. 15 : Accounting by Debtors and Creditors for Troubled Debt Restructurings.

How To 195

How To FDIC Policies Course 195

PYMNTS

MARCH 25, 2020

The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and local banks for the job. OceansFirst has been busy over the last week, sharing documents and templates for forbearance and others with banks as far away as Washington State.

Kansas City 115

Kansas City Wyoming New Jersey Kansas 115

South State Correspondent

MAY 30, 2023

This is the time for bankers to offer loan structuring solutions to help customers solve business problems, mitigate risk, and manage balance sheets and cash flows. When to refinance my debt: Borrowers have seen years of near-zero interest rates, and some have falsely concluded that such an environment is normal.

Examples 195

Examples Course Community Management 195

PYMNTS

MAY 4, 2020

billion in debt in exchange for giving ownership to those who are owed funds. Department store chains Neiman Marcus Group and JCPenney are contemplating bankruptcy filings amid the crisis, Reuters previously reported. The retailer made its filing in the U.S. Bankruptcy Court in Richmond, Va.

Retail 131

Retail Dallas Texas Online 131

PYMNTS

MAY 1, 2020

billion debt. Two: does pre-crisis weakness guarantee post-crisis financial peril? The bread and butter for bankruptcy lawyers is restaurants, grocery stores, and automobile businesses with margins that are too thin to sustain much of an interruption.”. “The It had slashed prices by 60 percent online this week.

Retail 185

Retail Dallas Branding Analytics 185

PYMNTS

OCTOBER 4, 2016

The site noted that several investment entities have sued Wells in New York, based on three collateralized debt obligations that defaulted in the wake of the financial crisis. That debt had been sold by Wachovia’s capital markets division. 3, had put up $163 million in the debt and also charged that the firm had abetted fraud.

Fraud 176

Fraud New York Capital Security 176

PYMNTS

APRIL 7, 2020

Circuit Court of Appeals said Goldman failed to “overcome a presumption that shareholders relied on its alleged misstatements, including that client interests always come first” and “integrity and honesty are at the heart of our business.”. Ten years after the financial crisis, seven top executives from the biggest banks in the U.S.

Arkansas 200

Arkansas Security Fraud Management 200

PYMNTS

AUGUST 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Millions of smaller businesses are grappling with the impacts of the pandemic.

Maine 218

Maine Lending Pennsylvania Boston 218

PYMNTS

JULY 7, 2020

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. The level of market volatility hitting the U.S. ” A Banking Pullback? The More Things Change.

Lending 171

Lending Industry Fintech UX 171

BankUnderground

MARCH 6, 2024

Tighter financing conditions may make it harder for some businesses to refinance their debt or could mean they face less favourable terms when they do. Paul and Zhou (2018) define refinancing risk as the potential inability of a borrower to secure new financing to replace existing debt coming due.

Policies 71

Policies Lending Data Marketing 71

PYMNTS

AUGUST 28, 2018

Moody’s Analytics’ chief economist Mark Zandi is sounding the alarm over a surge in corporate debt among a concentrated group of U.S. Zandi suggests that the debt burden mirrors the subprime lending spike, which eventually led to the 2008 economic crisis and breakdown of the nation’s financial services market. “It

Lending 101

Lending Analytics Policies Marketing 101

BankUnderground

SEPTEMBER 23, 2022

Debt creates threads between the financial system and the real economy. These threads transmit shocks across a web of connections, meaning that financial shocks may pose risks to households and businesses, and real-economy shocks may jeopardise financial stability. 1), companies can no longer borrow enough to repay their maturing debt.

Policies 100

Policies System Lending Tools 100

PYMNTS

NOVEMBER 9, 2020

This week's B2B Data Digest looks at the latest stats in the fight against late payments, and finds several instances in which the COVID-19 crisis has exacerbated the late payments problem. 54 days, on average, pass before Chinese businesses receive payments from corporate customers , new analysis from the Financial Times reveals.

Payments 176

Payments Survey Ohio Branding 176