DEVELOPING: As millions of small businesses anxiously await their slices of a $350B relief program, major banks are still awaiting guidance from the Treasury Dept. — and some still haven't even decided whether they will participate.
Small businesses say they needed the money yesterday and are hoping for quick relief — and millions are expected to apply on the first day. However, checks might not start going out for a week or more.
"We're now hearing from bankers that they may not want to get into the program because the law doesn't have a whole lot of specifics in it, yet the phone lines are jammed with business owners begging for loan applications," Brower said. Banks"don't know what the rules are, and they're afraid if they lend money to someone they shouldn't have, they'll be required to pay it back to the government.
On Thursday, Democratic presidential candidate Joe Biden drew attention to the potential administrative issues of the coronavirus relief package. He pressed the administration to get loans out quickly and not just to"the well-connected" or a few"splashy" examples.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Exclusive: Top U.S. banks may shun small-business rescue plan on liability worries - sourcesTop U.S. banks have threatened to give the federal government's small-business rescue program a miss on concerns about taking on too much financial and legal risk, five people with direct knowledge of industry discussions told Reuters.
続きを読む »
UK banks halt dividends as coronavirus slowdown loomsBarclays , Royal Bank of Scotland and the British arm of Spain's Santander , said on Tuesday they would suspend dividend payments, saving their capital as a buffer against expected losses from the economic fallout from the coronavirus.
続きを読む »
22 banks that may help with your mortgage payments during the COVID-19 outbreak - Business InsiderAre you a homeowner who has been financially affected by COVID-19? These banks offer mortgage payment assistance programs.
続きを読む »
BanksGoldman Sachs is pledging $300 million to support CDFIs and small businesses amid the coronavirus crisis. “We’re excited to play our role in helping get our capital on our balance sheet deployed out to these small businesses,” CEO David Solomon says.
続きを読む »
WSJ News Exclusive | Treasury Department Selects Wall Street Banks to Advise on Airline AidThe Treasury Department plans to hire three Wall Street banks for advice on doling out tens of billions of dollars in aid to the airline industry, which is hemorrhaging cash as a result of the coronavirus pandemic.
続きを読む »
Netflix’s New Show ‘Outer Banks’ Looks Like the Perfect Blend of ‘The O.C.’ and ‘Riverdale’Netflix's New Show 'Outer Banks' Looks Like the Perfect Blend of 'The O.C.' and 'Riverdale'
続きを読む »