Issues : COVID-19

BD Article
article | December 7th, 2020

What Banks Can Learn from OceanFirst’s Loan Sale

OceanFirst Financial Corp. Chairman and CEO Christopher Maher shares why the bank decided to sell $81 million in higher-risk loans during the third quarter.

By: Kiah Lau Haslett, managing editor for Bank Director
BD Article
article | November 30th, 2020

Steering a De Novo Through a Crisis and Beyond

The coronavirus hit New York just a few months after Piermont Bank opened its doors. But starting a bank from scratch has its advantages, as CEO and founder Wendy Cai-Lee explains.

By: Emily McCormick, vice president of research for Bank Director
BD Article
article | November 11th, 2020

Compensation, Talent Challenges Abound in Pandemic Environment

Day Three of Bank Director’s 2020 BankBEYOND experience explores how the coronavirus pandemic accelerated many of the toughest hiring and talent challenges that banks face, and what they should do in response.

By: Kiah Lau Haslett, managing editor for Bank Director
BD Article
article | November 9th, 2020

Revisiting Growth, Strategy in the Face of Banking’s Known Unknowns

Banking experts weigh in on crafting a resilient and flexible strategy while planning for growth in 2021 and beyond during day one of Bank Director’s 2020 BankBEYOND experience.

By: Kiah Lau Haslett, managing editor for Bank Director
article | November 3rd, 2020

How to Combat Bank D&O Headwinds

Banks can take five steps to make their D&O renewals smoother, given that the pandemic has reduced capacity, increased rates and caused underwriters to scrutinize all new and existing business.

By: Dennis Gustafson
article | November 2nd, 2020

Covid-19 Fraud: A Financial Pandemic

Banks must continue to employ a risk-based approach to combat financial crimes and should be vigilant of different types of fraud that may arise during times of economic crisis.

By: Radhika Dholakia-Lipton
article | October 30th, 2020

New Pandemic Safety and Soundness Standards for Banks

Regulators have issued guidance outlining their expectations for banks when it comes to credit quality, operations and working with borrowers.

By: Erica Crain, Susan Sabo
FinXTech
article | October 27th, 2020

Scaling Quality Customer Service in the Pandemic Era

Covid-19 has triggered an unprecedented demand for knowledgeable, personalized guidance —both a massive problem for banks, and a massive opportunity.

By: Evan Siegel
BD Article
article | October 9th, 2020

Beware Third-Quarter Credit Risk

The third quarter could see second-round deferrals substantially fall at the same time that nonaccruals and criticized assets begin increasing.

By: Kiah Lau Haslett, managing editor for Bank Director
FinXTech
article | October 7th, 2020

Four Digital Lessons from the Pandemic

The coronavirus pandemic has produced four lessons for banks when it comes to the acceleration to digital channels.

By: Mickey Goldwasser