Next Virus Shutdown May Cost Washington Restaurants $800M November 25, 2020 A four-week shutdown on indoor service at restaurants and bars prompted by an alarming statewide spike in COVID-19 cases is...
After Helping Shepherd Pandemic Loans, Banks Now Brace for Regulatory Risks October 21, 2020 By Lawrence Delevingne, Michelle Price and Koh Gui Qing Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with...
Who Got Money in Small Business Paycheck Protection Program? April 17, 2020 By Andy Sullivan, Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO, April 17 (Reuters) – Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses...
Reuters: Banks Cite Liability Risks, May Not Participate in Coronavirus Lending Plan April 2, 2020 By Pete Schroeder and David Henry Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal...
Coronavirus Relief Loans Will Be Available for Small Businesses Friday April 1, 2020 By David Lawder The United States’ new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on...
P/C Insurance Industry Backs New Government Fund to Help Businesses, Workers Hurt by Coronavirus Shutdowns March 31, 2020 By Andrew G. Simpson The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for...