In an article published in Miami Today, Gregory K. Bader discusses the relatively low occurrence of loan defaults during the Covid-19 pandemic. Bader details this can be attributed to several factors, including low interest rates, lender leniency and federal aid.
“The Federal Reserve and regulators were very swift giving banks flexibility in terms of providing additional liquidity and providing regulatory relief as to how they classify troubled assets,” Greg noted.
The article explains that low interest rates and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) introduced funding that enabled individuals and businesses to stay afloat and prevent defaulting on payments. These combined measures of support positioned banks to avoid what could have been a loan default crisis during the worldwide pandemic.
Gregory K. Bader focuses his practice on mergers and acquisitions, regulatory compliance, securities offerings, and advising companies and their management as they make critical business decisions. He has been involved with mergers and acquisitions for numerous public and private companies operating inside and outside of Florida. He has handled a wide array of business combinations, reorganizations, conversions and financings. He has also assisted numerous companies and financial institutions with their transactional and regulatory needs, including securities offerings, public company filings, regulatory compliance, lending, holding company and bank formations, trust operations, broker-dealer and insurance operations, executive compensation, corporate governance, and general corporate counseling.