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Banks will need to process approximately 50 times their normal annual volume in the next 30-60 days under the Paycheck Protection Program
Bank granted ‘temporary and narrow’ relief from 2018 balance sheet restrictions to aid small business loan program
Complex regulations and required manpower are pushing costs higher, but fraud attempts are rising
The government’s $349 billion small business support package is facing issues already, according to reports
The bank is targeting $10 billion in PPP loans but is restricted by measures put in place following the fake accounts scandal
Thankfully, the Small Business Administration (SBA) and Treasury Department finally released details
Banks should not be pushing for a delay to new rules regarding accounting for credit losses, according to KBRA
President Donald Trump has signed into law the Coronavirus Aid, Relief, and Economic Security Act. The details will help keep the banking industry stable.
Joint action from the country’s banking sector and supported by government aims to help consumers and businesses through the global health crisis
A McKinsey report lays bare how banks in China and other leading Asian economies have coped with the pandemic
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