BNY Mellon Wealth Management Names Elizabeth Luk as Head of BNY Mellon Trust of Delaware
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Throughout the COVID-19 pandemic, the American Bankers Assocation has been proud to tout the many ways America’s banks have stepped up to help their customers and communities in need. While they’ve been doing that through social media and our special aba.com/CoronavirusResponse page, they now have also produced a special video that pays tribute to the dedicated bank employees across the country who have gone above and beyond at this time of crisis.
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Join Wealth Management CIO Katie Nixon as she hosts 50 South Capital Managing Directors Bob Morgan and Brad Dorchinecz for a discussion on opportunities and challenges across the private equity landscape amid COVID-19. May 26, 202. Time: 11 a.m. ET. Duration: 45 minutes
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Given the ongoing health crisis and our commitment to protecting the health and safety of our stakeholders, Reinventing Our Communities (ROC): Equity InSight will no longer be hosted on May 27–29. We value the importance of this critical dialogue and thank you for your efforts to promote the event through your network. As communities are coping with the evolving economic fallout of this health crisis, the Philadelphia Fed will continue to emphasize these crucial conversations through a new series, ROC Local. Equity will be a critical component in the response to, and recovery from, COVID-19 and we will be sharing informational resources and content under the ROC Local theme in the coming months.
The first ROC local event will be a webinar on Thursday, May 28 from 3:00 p.m.–4:15 p.m. EST. During Reinventing Our Communities: Planning for Equity in Recovery – Lessons We’re Learning from COVID-19, leading experts Raghuram G. Rajan, Heather Boushey, and Andre Perry will share how local communities can advance policies and programs that promote equity in recovery. Find more and register now on the Federal Reserve System’s Connecting Communities website.
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The Federal Reserve (Fed) added to its list of bond purchases last week after dipping into the corporate bond market and buying eligible exchange traded funds (ETFs) invested in corporate debt. The Fed’s actions are part of two programs announced in mid-March, the Primary Market Corporate Credit Facility, and the Secondary Market Corporate Credit Facility, both tailored to support liquidity to large companies. Since the bond programs were announced, bond market liquidity has substantially improved.
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Jenifer Jurden is a Cartoonist from Wilmington who has graciously provided her COVID line of cartoons in the DBA Digest. Jurdy® is her other-worldly "Hero of Happyness" whose cartoons bring levity to humans worldwide.
The FDIC, the OCC, the Federal Reserve, and other agencies have created webpages to provide banks and the public with updates on the COVID-19 situation.
Federal Reserve's COVID-19 Page
Treasury Department - Assistance for Small Businesses
ABA Pandemic Response and Business Continuity Resources
Comptroller of the Currency Joseph M. Otting today announced he will step down from office on May 29, 2020, and pursuant to 12 USC 4 as designated by Secretary of the Treasury Steven T. Mnuchin, First Deputy and Chief Operating Officer Brian P. Brooks will become Acting Comptroller of the Currency. "It has been my distinct honor to serve the United States and this Administration as the 31st Comptroller of the Currency," Comptroller Otting said. "I am extremely proud of what the women and men of the agency have accomplished to promote economic opportunity, eliminate unnecessary regulatory burden, and operate the agency in a more effective and efficient manner." During his tenure, the Office of the Comptroller of the Currency (OCC) rationalized capital and liquidity rules to allow the banks to better serve their customers while remaining safe and sound.
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We have assembled a COVID-19 Task Force of Pepper Hamilton and Troutman Sanders attorneys who are available to help companies navigate this evolving public health crisis. They represent diverse practice areas and industries, across multiple geographies. Latest Insights Include:
- FTC Tip to Combat Contact-Tracing Scammers
- Estate Planning Opportunities in a COVID-19 Environment
- CFPB Releases Responsibilities of Financial Firm during Pandemic
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Ballard Spahr attorneys are continually monitoring developments and advising clients on the legal and business implications of COVID-19. Updates include:
• New OSHA Guidance on Reporting COVID-19 as a Work-Related Illness • For Borrowers with a Forbearance, Fannie Mae and Freddie Mac Address Their Eligibility for New Loans
• Fannie Mae and Freddie Mac Extend Eligibility for Sale of Loans in COVID-19 Forbearance
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Loan Specialist (Gen) (Supersedes previous announcement, EXC-20-065-PDC-10753859, to amend duty location)
GS-1165-09/11; Full time (Temp)
Office of Disaster Assistance (ODA) https://www.usajobs.gov/GetJob/ViewDetails/563879000
Loan Assistant
GS-1165-05/07
Full time (Temp) Office of Disaster Assistance (ODA) https://www.usajobs.gov/GetJob/ViewDetails/563394500
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