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% of securitized hotel loans that are overdue or in grace period
By Jon Prior
April 24, 2020 3:31 PM

More details have emerged about the damage the coronavirus pandemic is inflicting on the hospitality industry. One servicer alone has received 2,000 workout requests in the past month.

4 Min Read
AT-042420-Stimulus Payments April GRAPH
Jeff Stimpson
April 24, 2020 3:20 PM

The IRS announced it has delivered 88 million Economic Impact Payments as of April 17, 2020.

1 Min Read
Paychex office
Michael Cohn
April 24, 2020 3:11 PM

Payroll giant Paychex is partnering with Biz2Credit, Fundera and Lendio to help small businesses apply for the new funding offered by the U.S. Small Business Administration’s Paycheck Protection Program.

3 Min Read
April 24, 2020 12:44 PM

Nevada was one of the last states to recover from the Great Recession

2 Min Read
Andrew Coen
April 24, 2020 11:08 AM

The state's tough budget position was underscored by an agreement with noteholders to extend a $750 million maturity while paying them higher interest.

5 Min Read
David Heun
April 24, 2020 10:44 AM

"We're now in a different world," Stephen Squeri, chairman and CEO of Amex, said during the card brand's first-quarter earnings call.

5 Min Read
Lease accounting standards obstacles FASB chart
Len Neuhaus
April 24, 2020 10:30 AM

Recent events affecting the global financial health of businesses have forced CFOs and treasurers to conserve and preserve cash.

2 Min Read
closed-restaurant-williamsburg.jpg
By Mark Niquette, Ben Brody and Naomi Nix
April 24, 2020 10:25 AM

Treasury Secretary Steven Mnuchin says the additional funding Congress approved Thursday to help small businesses survive the coronavirus pandemic should be the last round, but advocates fear it’ll run out quickly and won’t be enough for mom-and-pop shops struggling to stay open.

4 Min Read
coronavirus-concept.jpg
Ayalla Reuven-Lelong
April 24, 2020 9:30 AM

There is no doubt that we all live and operate in a profoundly changed reality, in which the state of continuous change has become the "new normal."

8 Min Read
PSO content
Michael Moeser
April 24, 2020 9:15 AM

During a time of business lockdowns and layoffs amid the general population attempting to stay healthy during the coronavirus crisis, one thing is quickly bubbling to the surface of the minds of consumers, small-business owners, banks and regulators: The state of the credit card market, and where it could go from here.

1 Min Read