Gym chain 24 Hour Fitness is working with advisors at Lazard and Weil, Gotshal & Manges to weigh options including a bankruptcy that could come as soon as the next…
24 Hour Fitness weighs bankruptcy as coronavirus pushes fitness industry to brink
Exclusive: Neiman Marcus to file for bankruptcy as soon as this week – sources
(Reuters) – Neiman Marcus Group is preparing to seek bankruptcy protection as soon as this week, becoming the first major U.S. department store operator to succumb to the economic fallout…
Spamalot, No More? Hormel Shutters Illinois Plant Amid COVID-19 Fears
A cluster of COVID-19 cases forced health officials in Illinois to shutter Hormel’s Rochelle Foods plant on Friday. Ogle County Health Department (OCHD) said the food processing plant would be…
Goldman Now Sees A 123% Plunge In Q2 S&P Earnings, $850BN Drop In Corporate Cash Spending
With 9% of S&P 500 firms having already reported Q1 earnings including all of the major banks, results have generally disappointed relative to already tepid expectations. 43% of companies have…
America’s Gradual Reopening Begins with Economic Turmoil and Stress
Businesses and workers want to go back to ‘normal’ life after the COVID-19 pause. But many are not optimistic about a quick rebound.
The post America’s Gradual Reopening Begins with Economic Turmoil and Stress appeared first on The Financial Brand.
Coronavirus Insights: Bank Reopening Checklist, Digital Ad Upheaval
PPP Round 2 could make community institutions new-account magnets, Postal banking making return attempt (maybe), SBA to audit big PPP loans.
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Re-Focusing Your Banking Brand Thinking During the COVID-19 Crisis
Local banks and credit unions have an opportunity to step up and serve their communities. First they must put 2020’s marketing plans on hold.
The post Re-Focusing Your Banking Brand Thinking During the COVID-19 Crisis appeared first on The Financial B…
How Coronavirus Could Alter the Payments Landscape Forever
New data predict an accelerated shift to contactless, P2P and other digital payments as habits shift. But some question COVID’s impact.
The post How Coronavirus Could Alter the Payments Landscape Forever appeared first on The Financial Brand.
Big Banks Benefit Most From COVID-19 Digital Shifts
While the largest banks have an advantage in being able to deliver digital banking solutions, others can do much to regain ground.
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Key Lessons for Financial Institutions Bracing for PPP Round 2 & Beyond
Small and midsize lenders, ready to jump in again with sweat equity, savvy and fintech help, share tips from program’s first wave.
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