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UBS boss Ermotti says too-small European banks must consolidate

UBS Group Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive......»»

Category: topSource: reutersNov 13th, 2019

Ryanair CEO is pushing Boeing to cut prices on delayed 737 Max jets

The boss of the ultra low-cost European airline says he remains a "devoted, committed" buyer of Boeing's grounded aircraft......»»

Category: topSource: bizjournalsJul 28th, 2020

Black-owned bank executive cites lack of documentation as barrier to PPP loans

One of the nation's largest Black-owned banks shares insights on why small businesses struggled to access Paycheck Protection Program loans......»»

Category: topSource: bizjournalsJul 23rd, 2020

Big banks prepare for protracted recession, report significant drop in profits

The banks’ more pessimistic outlooks come as millions of people remain out of work, thousands of small businesses close their doors forever and some states begin to shutdown for a second time to contain the spread of the coronavirus......»»

Category: topSource: washpostJul 14th, 2020

Big banks are preparing for a protracted recession

The banks’ more pessimistic outlooks come as millions of people remain out of work and thousands of small businesses close their doors......»»

Category: topSource: washpostJul 14th, 2020

Chinese banks must brace for surge in bad loans, regulator says

China’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some small and mid-sized financial institutions was accelerating......»»

Category: topSource: foxnewsJul 11th, 2020

See which lenders approved the most PPP loans in the Miami Valley

Many of the region's largest banks were among the leaders, though some smaller institutions that focus primarily on small-business lending made the list as well......»»

Category: topSource: bizjournalsJul 11th, 2020

Help Desk: When banks aren"t an option, look to economic development organizations

Small businesses should look to local economic development organizations to leverage all the resources they can get during this difficult time......»»

Category: topSource: bizjournalsJul 9th, 2020

Fed’s Main Street program has few big banks so far

More than three months after the Federal Reserve announced a new effort to shore up the economy aimed at small and medium-size businesses, only one of the nation’s largest banks has joined the $600 billion loan program......»»

Category: topSource: washpostJul 8th, 2020

China Banks’ Latest Bailout: Where’s the Equity?

Beijing knows that small lenders are getting crushed. The latest move to prop them up seems as makeshift as the rest......»»

Category: topSource: washpostJul 7th, 2020

Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacalle

A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups......»»

Category: forexSource: coindeskJul 7th, 2020

Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacelle

A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups......»»

Category: forexSource: coindeskJul 7th, 2020

Here are the banks that dominated PPP lending in Ohio

The PPP built off of SBA's other small business loans, where Huntington Bank has for years been a dominant player. Here's how active the Central Ohio lender was in the coronavirus relief program......»»

Category: topSource: bizjournalsJul 6th, 2020

Local bank leader participates in roundtable with treasury secretary

Vista Bank CEO John Steinmetz attended the roundtable discussion with Steven Mnuchin and Senator Ted Cruz in which they discussed community banks' role in regulatory relief for small businesses......»»

Category: topSource: bizjournalsJul 3rd, 2020

So far Fed’s Main Street Lending program has made zero loans

Fed officials say more than 200 banks have signed up to participate in the Main Street Lending program since it began two weeks ago, but that's a small slice of the nation's roughly 5,000 lenders......»»

Category: topSource: chicagotribuneJul 1st, 2020

Paycheck Protection Program ending, but so far Fed’s Main Street Lending has made zero loans

Fed officials say more than 200 banks have signed up to participate in the Main Street Lending program since it began two weeks ago, but that's a small slice of the nation's roughly 5,000 lenders......»»

Category: topSource: chicagotribuneJun 30th, 2020

Three Risks For European Banks

Three Risks For European Banks Tyler Durden Tue, 06/30/2020 - 05:00 Authored by Daniel Lacalle.....»»

Category: blogSource: zerohedgeJun 30th, 2020

The Fed is firing up its $600B small business lending program. These DFW banks are participating.

It remains to be seen how popular this new lending program will be......»»

Category: topSource: bizjournalsJun 26th, 2020

Sweden"s "herd immunity" hopes are fading as only a small fraction of the population has coronavirus antibodies

HENRIK MONTGOMERY/TT NEWS AGENCY/AFP via Getty Images Just 6.1% of the population of Sweden had developed coronavirus antibodies by late May, a lower measure than some of its health agency's earlier models had predicted. Unlike most European .....»»

Category: topSource: businessinsiderJun 21st, 2020

Fed encourages banks to start making Main Street loans

The Federal Reserve has opened its Main Street Lending Program for small and midsize businesses, encouraging lenders to start making loans in the much-anticipated program immediately. Lenders are... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 20th, 2020

‘It’s very discouraging’: America’s new $600 billion rescue program for small businesses is off to a rocky start

The Federal Reserve’s Main Street lending program is supposed to provide low-cost loans to small and mid-sized businesses. But small business owners say they can’t find banks willing to do the loans......»»

Category: topSource: washpostJun 19th, 2020