Tag: big banks

The Business Credit Crunch At Big Banks Worsens

Big bank lending to small businesses has stalled for over a year, while credit unions return to an all-time low. Loan approval percentages rose...

Traditional Funding Sources Are Drying Up For Small Businesses

Small Business Loan Approval Rates Down More Than 50% Since November 2019 Not only has passage of a second Paycheck Protection Program (PPP2) stalled,...

Now Is Not The Time To Play Politics With PPP

This week Senate Democrats and Republicans could not come to an agreement on providing additional COVID-19 relief for families, schools, and small businesses. Clearly...

Non-PPP Loan Approvals Continue Slow But Steady Rebound

The approval percentage for small business loan applications at big banks ($10 billion+ in assets) rose three-tenths of a percent from 13.5% in June...

Senators Trying To Add Beneficial Ownership Requirements To Latest National Defense Authorization Act

From left, European Commissioner for Euro and Social Dialogue Valdis Dombrovskis, European ... Commissioner for Justice Vera Jourova...

Dow Plunges 500 Points As U.S. Hits Record Number Of New Coronavirus Cases

TOPLINE The market opened lower on Friday, with stocks taking a hit from the Federal Reserve’s latest bank stress-test results and a new record...

Dow Falls 300 Points As U.S. Hits Record Number Of Daily New Coronavirus Cases

TOPLINE The market opened lower on Friday, with stocks taking a hit from the Federal Reserve’s latest bank stress test results and a new...

Federal Reserve Places New Restrictions On Banks, Freezing Stock Buybacks And Limiting Payouts

TOPLINE The Federal Reserve on Thursday placed new restrictions on the banking industry for the first time since the aftermath of the 2008 financial...

Remember The Public Companies That Got PPP Loans? Even More Did: Now 410 Of Them

A Ruth's Chris Steak House sign is shown in San Francisco, Tuesday, April 21, 2020. (AP Photo/Jeff ... ...

Berkshire Hathaway Lost $50 Billion Last Quarter As Warren Buffett’s Investments Took A Hit From Coronavirus

TOPLINE Billionaire Warren Buffett’s famed investing conglomerate, Berkshire Hathaway, reported a massive net loss of nearly $50 billion in the first quarter, as the...

JPMorgan Forecasts 20% Unemployment And 40% Hit To Second-Quarter GDP

The estimates for second-quarter GDP are so bad that they have no modern historical precedent. John...

Just How Bad Is It? Here’s The Economic Damage The Coronavirus Will Cause, According To Major Banks

Many are now forecasting a recession in 2020. Mark Lennihan/ASSOCIATED PRESS Topline: As the coronavirus continues...

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