Stress testing is an essential tool for community banks that want to navigate the COVID-19 economy safely and position their banks for opportunities down the road, Invictus CEO Adam Mustafa said on an April 15 webinar attended by...
ZIRP, NIRP and QE(n) – Here we go again*
The unprecedented economic implications of the coronavirus has led the Federal Reserve to embark on a path that even just a few short years ago would have been completely unimaginable. The moves include a drastic cut in interest...
Free On-Demand Webinar: Why Community Banks Need Stress Testing Now More than Ever
Invictus Group CEO Adam Mustafa presented a complimentary webinar at 1 p.m. EST on Wednesday, April 15 explaining Why Community Bank CEOs Need Stress Testing Now More than Ever. This one-hour webinar will show you how to plan for...
Coronavirus Relief Bill Lowers Community Bank Leverage Ratio, Delays CECL for All Banks
The final version of the $2.2 trillion coronavirus relief bill passed by the U.S. Senate would make life easier for community banks this year. The bill temporarily lowers the community bank leverage ratio to 8 percent and...
How Does COVID-19 Affect the Looming Community Bank Leverage Ratio Decision?
The decision on whether to opt into the new Community Bank Leverage Ratio (CBLR) feels trivial right now. The immediate focus of every community bank in the country needs to be on the safety and economic well-being of their...
Don’t Despair: Factors that Position Community Banks to Safely Navigate the Crisis
Make no mistake: We are entering economic times that will challenge us all. But community bankers must realize – not just for financial and strategic reasons, but for psychological ones, as well – that they are better positioned...
How Much Better Will Banks Be if CECL Dies? The Answer Might Surprise You
The Federal Deposit Insurance Corp. this week did something unusual: FDIC chair Jelena McWilliams sent a letter to the Financial Accounting Standards Board, asking it to delay implementing the current expected credit loss (CECL)...
Community Bank Exclusive – Invictus to Help Banks with Expedited COVID-19 Stress Scenarios
Dear Friends, As the COVID-19 crisis unfolds, we are all in the dark with respect to the ultimate impact on the economy. I have seen a myriad of predictions, ranging from the avoidance of a recession altogether (hard to imagine)...
Coronavirus + CECL = Earnings Nightmare
If we do not get a miracle turnaround with respect to the coronavirus and its impact on markets, the first quarter earnings for most publicly traded community banks (SEC filers) is going to be a disaster because of CECL. In fact,...