Posted at 21:37h
in
News
by KMFSLLP
The Federal Reserve expanded access to
a small business lending program beyond banks on Thursday,
allowing a broader set of institutions to participate.
...
Posted at 21:34h
in
News
by KMFSLLP
The Federal Reserve expanded access to
a small business lending program beyond banks on Thursday,
allowing a broader set of institutions to participate.
...
Posted at 21:02h
in
News
by KMFSLLP
Bonds of hard-hit oil and gas
companies such as Occidental Petroleum, Antero Resources
, WPX Energy, HighPoint Resources and
Western Midstream Partners rose in price on Thursday
after the Federal Reserve announced it would expand its Main
Street Lending Facility to larger and riskier companies affected
by the coronavirus pandemic.
Posted at 20:58h
in
News
by KMFSLLP
The two largest
U.S. banks, JPMorgan Chase & Co and Bank of America
, said on Thursday that they submitted almost half a
million applications worth nearly $46 billion to the Small
Business Administration's Paycheck Protection Program for small
businesses hurt by the coronavirus shutdown.
Posted at 20:56h
in
News
by KMFSLLP
The Federal Reserve's balance sheet
increased to a record $6.70 trillion this week, but the pace of
expansion slowed dramatically as key credit markets have calmed
since a firestorm of volatility sparked by the coronavirus
pandemic drove the central bank to take emergency measures last
month.
...
Posted at 20:54h
in
News
by KMFSLLP
Wells Fargo & Co, the largest
U.S. mortgage lender, said on Thursday it will temporarily stop
accepting applications for home equity loans given the economic
uncertainty fueled by the COVID-19 pandemic.
...
Posted at 20:28h
in
News
by KMFSLLP
Privately held fashion company J. Crew
Group Inc is preparing for a bankruptcy filing that could come
as soon as this weekend, CNBC reported on Thursday, citing
people familiar with the matter.
...
Posted at 20:21h
in
News
by KMFSLLP
U.S. hedge fund Elliott
Management has further cut its stake in Italy's biggest phone
group Telecom Italia (TIM), a regulatory filing
showed, amid an ongoing portfolio rebalancing as COVID-19 rocks
financial markets.
...
Posted at 20:20h
in
News
by KMFSLLP
Bank Hapoalim B.M. has agreed to pay nearly $875 million to the U.S. government to resolve charges it conspired with American taxpayers and others to hide over $7.6 billion in Swiss and Israeli accounts, U.S. prosecutors said on Thursday.
Posted at 19:41h
in
News
by KMFSLLP
PM confronted with major political decision on reopening UK economy without triggering second peak of infections
...