Coronavirus Impact
Coronavirus Impact
Care For The Homeless Distributes Covid-19 Vaccines

The Mastercard Foundation will provide $1.3 billion to support the coronavirus vaccination program in Africa, the continent with the lowest inoculation rate.

June 8
2 Min Read

Even though industry economists and Federal Reserve officials expect the recent price surge to wane, some big-bank executives are expressing concern about the risk of an inflationary spiral hindering the recovery from the pandemic recession.

June 3
4 Min Read

Government records detail dozens of complaints from company staffers related to COVID-19. The documents shed light not only on safety protocols at the nation’s fourth-largest bank, but also on employee relations at a firm that’s been dogged by scandal.

June 1
16 Min Read
“You’ve heard from all the CEOs here that we’re making an enormous effort to try to get credit to marginalized, lower- and middle-income, majority-minorities, Black small businesses, women of color, etc.,” said JPMorgan Chase CEO Jamie Dimon.

The heads of the six largest banks aimed to promote their COVID-19 relief in testimony to the Banking Committee. Democrats said their efforts were insufficient while Republicans criticized the executives for taking public stances on issues like climate change and voting rights.

May 26
8 Min Read

In a pandemic-scarred year, boards and compensation committees at 60 large and regional banks relied less on the normal performance metrics and more on qualitative criteria to determine bonus payments.

May 21
4 Min Read
Small businesses have received more than 11 million loans, totaling $788 billion, through the Paycheck Protection Program.

The Small Business Administration’s sluggish pace in forgiving the biggest Paycheck Protection Program loans is straining relations between banks and some borrowers.

May 20
5 Min Read

Only 0.9% of mortgage borrowers are currently at least 90 days delinquent. That figure could rise as high as 3.8% once pandemic-related deferrals lapse — still well below the 6% mark reached after the Great Recession, according to research by the New York Fed.

May 19
3 Min Read
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Mastercard will soon bring workers back to its New York City office at least two days a week.

May 19
1 Min Read
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