The Latest

June 22, 2020 5:29 PM

The governor largely agreed to abandon the steep cuts he proposed in his revised budget,.

3 Min Read
KFC Yum! Center
June 22, 2020 5:00 PM

The ratings on the Louisville, Kentucky's KFC Yum! Center bonds were lowered to BBB-plus by S&P because of expected operational difficulties.

3 Min Read
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OCC
Brendan Pedersen
June 22, 2020 4:40 PM

The Office of the Comptroller of the Currency will use year-end 2019 asset totals in its calculating its next assessment, saying national banks "should not be penalized" for adding emergency loans to their books during the pandemic.

1 Min Read
Department-of-Labor
Jeff Stimpson
June 22, 2020 1:15 PM

Tax pros share what they’re telling clients about relief for the jobless during the pandemic.

3 Min Read
Wells Fargo sign
Penny Crosman
June 22, 2020 12:59 PM

In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.

5 Min Read
Steven Mnuchin, Treasury Secretary nominee
By Mark Niquette
June 22, 2020 9:50 AM

The Trump administration, following a backlash, said it would release details about companies that received loans of $150,000 or more from a coronavirus relief program for small businesses.

3 Min Read
By Jon Prior
June 21, 2020 9:00 PM

Business owners are changing banks at three times normal levels, a trend researchers attribute to their difficulty in obtaining emergency loans. If the forgiveness stage of the Paycheck Protection Program proves arduous, that rate could climb much higher.

6 Min Read
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M&A
Ira Rosenbloom
June 19, 2020 5:11 PM

It’s a good time to be opportunistic about your firm’s future — and to poke these embers in a meaningful way.

1 Min Read
Miriam Cross
June 19, 2020 2:28 PM

With money flow suddenly stifled for millions of customers, demand for money management tools has skyrocketed.

6 Min Read
Eligible businesses that were in sound financial condition before the pandemic are eligible to receive loans of at least $250,000 through one of three component facilities. The Fed through the MSLP will then purchase 95% of each loan made under the program’s terms.
June 19, 2020 11:57 AM

Worried about a lack of demand and that some of their customers are ineligible, community banks are still on the fence about participating in the effort to back loans for businesses recovering from the pandemic crisis.

6 Min Read