Work out is coming back. Despite a cash infusion from the federal government designed to keep small businesses afloat, many will struggle to survive this ruthless pandemic economy. More loans will become more troubled and focus will shift from normal operations to work out. It’s inevitable. To be most effective, work out requires a trench […]
Three Tips from the Work Out Trenches Read More »
Your Questions about COVID-19 and Regulators Today. Tomorrow. And Post-Pandemic By this time, you have already activated your financial institution’s Pandemic and Business Continuity plans. Your regulators are contacting you for updates. You are addressing customer service and staff needs. You are also working with your vendors to determine how COVID-19 will impact the
Your Questions about COVID-19 and Regulators Read More »
It has been a month for the ages. The COVID-19 Pandemic has changed life as we know it, at least for now. I am not sure how long this pandemic will last. It will pass, but when? A stimulus package is on the way – a package designed not just to provide immediate relief, but
Putting Your Business Continuity Plan to Work The COVID-19 crisis continues to evolve hour by hour throughout the world. The timeline for flattening the curve remains unclear. In response, federal and state governments around the country have become more aggressive in their actions to stem the spread of the virus. Clearly, we as a country
The Leap from Theory to Practice Read More »
Optimism – and a Solid Business Continuity Plan – are your Best Friends Right Now The world, the United States and, of course, the United States banking Industry have been dramatically affected by the COVID-19 (or Coronavirus) pandemic. As of the date of this posting, the Coronavirus situation remains fast-moving and confusing, and we are exposed
COVID-19 and the Banking Industry Read More »