Energized by record high levels of government stimulus money and the Fed’s easy monetary policies, the latest reports on the health of the economy, provide strong confirmation that it has fully recovered from the devastating impact of the Covid-19 pandemic. In 2020, as the Covid-19 pandemic continued to expand, the US economy contracted at its […]
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Aided by the government timely and comprehensive intervention with monetary and fiscal stimulus programs, the U.S. economy has been reenergized and is emerging strong from the devastating impact of the coronavirus pandemic. Some forecasts predict the U.S. economy is well positioned to grow at the fastest rate since the early 1980s and recent statistics on […]
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The U.S. economy has recently shown signs of a nascent and strong recovery due mostly to the impact of sustained doses of fiscal and monetary stimulus initiated by the Federal Reserve, Congress and the growing hope the economy continues to improve fueled by the progress being made nation-wide in rolling out vaccines to bring the […]
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The adverse and unprecedented repercussions of the Covid-19 pandemic are being felt across all industries and sectors in the economy. Community Banks in particular face challenges to generate profits during this unusual period of slow economic growth and low interest rates, where: 1). The impact of the pandemic extends to all sectors of the economy […]
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Overall, Community Banks have shown resilience and have for the most part withstood the impact of the economic slow-down and the low interest-rate environment brought by the recent COVID-19 pandemic. This extreme and unpredictable event ushered and contributed to the Fed intervention in the economy, events that led to the unprecedented drop in interest rates […]
Read More → In addition to the constant, growing and fierce competition for customers and market share Community Banks and Credit Unions constantly face, the unpredictability and impact of the current Covid-19 pandemic is testing these institutions’ resilience and robustness of their risk management strategies to face, manage and survive this crisis. The strain and financial repercussions of […]
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