2020-04-20
Bank of America and U.S. Bancorp were also named in a lawsuit filed in Sunday in which the banks are accused of prioritizing large loans distributed through the Paycheck Protection Program in order to maximize fees.
Read More from: BankThink
2020-04-20
Executives say they can still meet their goal of $480 million in cost savings this year from the combination of BB&T and SunTrust despite unexpected expenses, unless the economy fails to rebound quickly.
Read More from: BankThink
2020-04-20
After more than tripling its loan-loss provision, the $182 billion-asset company became the first large U.S. bank to report a quarterly loss as a result of the coronavirus pandemic.
Read More from: BankThink
2020-04-20
Lawmakers are considering a plan to reserve at least $50 billion in Paycheck Protection Program funds for customers of community banks and small regionals.
Read More from: BankThink
2020-04-20
The Paycheck Protection Program (“PPP”), as enacted under the Coronavirus Aid, Relief, and E
Read More from: Bankruptcy and Restructuring Blog
2020-04-20
The COVID-19 crisis has turned everyone’s lives upside down. Businesses are shuttering, employees are finding themselves furloughed, and LATE RENT notices are starting to pile up.
Read More from: Bonds & Botes, P.C.
2020-04-20
A sovereign debt standstill might not cure COVID-19, but it sure seems like the one thing we can all agree on.
Read More from: Credit Slips
2020-04-20
From stimulus checks to the Paycheck Protection Program, the government’s infusion of cash into an economy reeling from the coronavirus pandemic has primarily helped those who already strong banking relationships.
Read More from: BankThink
2020-04-20
While a worldwide pandemic challenges the nation, police departments across Pennsylvania have instituted procedures to help keep law enforcement officers and the community as safe as possible.
Read More from: Young, Marr & Associates
2020-04-20
While a worldwide pandemic challenges the nation, police departments across Pennsylvania have instituted procedures to help keep law enforcement officers and the community as safe as possible.
Read More from: Young, Marr & Associates
2020-04-20
The COVID-19 crisis has impacted businesses of every size, and Bernstein-Burkley, P.C., is here to help.
Read More from: Bernstein-Burkley, P.C.
2020-04-20
Minorities are often hit harder financially during a crisis, but if regulators move forward on revamping the Community Reinvestment Act, they’ll only make matters worse.
Read More from: BankThink
2020-04-20
The two sides say a deal to replenish the small business loan program may be reached for a Senate vote early this week; big restaurant chains said to edge out small firms for loans.
Read More from: BankThink
2020-04-20
The success rate for Public Service Loan Forgiveness applicants has doubled. From 1% to 2%.
Read More from: Credit Slips
2020-04-20
In a procedurally-unusual order issued April 20, 2020, the Indiana Supreme Court exercised its emergency rule-making authority to order that all Indiana trial courts “shall issue no new orders placing a hold on, attaching, or garnishing funds in a
Read More from: Krieg DeVault
2020-04-19
Citizens, Regions and others say business investments initiated before the COVID-19 pandemic, including technology improvements and new consumer offerings, are on track.
Read More from: BankThink