Covid-19 Related Content

TCF Bank Sponsors Blood Drive for COVID-19 Treatment

TCF Bank partnered with Hatzalah of Michigan to offer COVID-19 IGG antibody testing to identify potential plasma donors for local coronavirus patients. read more

Fed Ditches Plan to Promote SOFR in Main Street Lending Program

The Wall Street Journal reported that the Federal Reserve will not use the Main Street Lending Program to promote SOFR, its LIBOR replacement of choice. read more

U.S. Hospitals Losing $1.4B in Daily Revenue Due to Patient Volume Decline

Hospital patient volumes dropped dramatically and quickly since the end of February as both patients and doctors reprioritized or delayed normal services, according to data gathered by Crowe. read more

Pandemic Planning: Muddy Waters or New Waves for Equipment Finance?

The coronavirus COVID-19 outbreak has shown us how rapidly pandemics can alter public health and global markets. How quickly we recover from these events depends in large part on collaboration from every sector, including the equipment leasing and finance industry. ... read more

ELFA Webinar Outlines COVID-19 Federal Relief for Equipment Finance Companies

The webinar “The Federal Government’s Response to the COVID-19 Pandemic: Implications for Equipment Finance Companies” hosted by the Equipment Leasing and Finance Association on April 22 provided guidance for navigating the rollout of the new legislation. read more

IDC Forecasts Drop in IT Spending in Nearly Every Industry in 2020 Due to COVID-19

IDC forecast worldwide IT spending to decline 2.7% this year due to the economic impact of the COVID-19 pandemic. In a special release, IDC provided an industry-level assessment of how COVID-19 will impact IT spending. read more

ACT: COVID-19’s Impact on N.A. Commercial Vehicle Market

The North American commercial vehicle market addressed the pandemic with shutdown announcements, but also prepared readers for the restarting phase to come. read more

GovPlanet, U.S. Dept of Defense Provide Medical Supplies to Essential Workers

Ritchie Bros.' GovPlanet returned ventilators, masks, other medical supplies to the U.S. Department of Defense to be distributed to frontline employees. read more

GAMA Members Help Communities During COVID-19 Pandemic

Many General Aviation Manufacturers Association member companies have taken steps to help their communities fight against COVID-19. read more

Fed to Release Monthly Data on CARES Lending Facilities

The Federal Reserve Board outlined extensive public information regarding its economic recovery programs to support credit flow to households and businesses. read more

House Passes $484B Small Business Aid Bill, Trump to Sign at Noon

The Wall Street Journal reported that the House passed a $484 billion bill that will replenish two aid programs for small businesses and provide relief to hospitals. read more

Census Bureau Launches COVID-19 Data Hub

The U.S. Census Bureau released a new resource page on Census.gov to help decision making related to the COVID-19 pandemic. The resource page includes interactive data on population demographics, economic indicators and businesses. read more

Tiger Capital Predicts Spike in COVID-19 Related Closures, Bankruptcies & Liquidations

Tiger Capital co-founder Dan Kane predicted that COVID-19 will cause a huge spike in asset dispositions across multiple sectors once the economic recovery begins. read more

Managing C&I Risk in a Time of Pandemic

Commercial lenders will face many new and unique challenges over the coming months as the full effects of the coronavirus pandemic are felt throughout the economy. For commercial customers, cash flow, liquidity and credit tightening dramatically across industries is the new normal. In these uncertain times, no segment of the bank commercial portfolio is under as much short and long-term risk as the Commercial and Industrial (C&I) line of credit segment.... read more

Dext Supports Healthcare Community with Active Lending

Dext Capital continues to play an active role as a lender during a critical time of need for healthcare providers. read more

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Terry Mulreany
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