Money > Money

Small Business Administration official blasts big banks, accusing them of dragging their feet on coronavirus assistance for struggling companies

1 month ago   |   By Business Insider

A Small Business Administration official was recorded chastising big banks, accusing them of purposefully slowing down a program to lend to small businesses hurt by the coronavirus.
Joseph Amato, a district director in Nevada, made the comments on a webinar hosted by a Las Vegas attorney.
"Some of the big banks that had no problem in taking billions of dollars of free money as bailout in 2008 are now the biggest banks that are resistant to helping small businesses so that should tell you something," he said.
Visit Business Insider's homepage for more stories .
A district director for the...
Read more ...

 

A top federal official blasts big banks that took bailout money in 2008 for being 'resistant' to help struggling small businesses

A top federal official blasts big banks that took bailout money in 2008 for being 'resistant' to help struggling small businesses

1 month ago   |   By Business Insider

A top federal official in the Small Business Administration blasted big banks that took bailout money in 2008 for not quickly loaning money to struggling small businesses weathering the fallout from coronavirus.
SBA official Joseph Amato's comments reflect concerns that banks aren't moving fast enough to deepen their involvement in a new small business aid program.
"Some of the big banks... and this is just editorial... that had no problem taking billions of dollars of free money as bailout in 2008 are now the biggest banks that are resistant to helping small businesses," Amato said.
Visit...
Read more ...

 


Search by Tags

   Money      Companies      Business      Banking      Weather      Aids      Economics  


Five anti-racism charities you can donate money to now

Five anti-racism charities you can donate money to now

If you can't attend the Black Lives Matter marches, you could donate towards anti-racism causes instead Following George Floyd's death, the Black man who died in the US after... Read more ...

Ben Chilwell's stance on Chelsea transfer as Frank Lampard eyes big-money move

Ben Chilwell's stance on Chelsea transfer as Frank Lampard eyes big-money move

Chelsea boss Frank Lampard is considering making a move for Leicester City star Ben Chilwell in the summer transfer window. Read more ...

Chelsea's transfer plans beyond Timo Werner and Ben Chilwell deals

Chelsea's transfer plans beyond Timo Werner and Ben Chilwell deals

Lampard is working hard in the transfer market Chelsea are well on their way in the transfer market after making strides to sign Ben Chilwell and Timo Werner - and the pair... Read more ...

Kanye West to pay for the college tuition of George Floyd's six-year-old...

Kanye West to pay for the college tuition of George Floyd's six-year-old daughter Gianna

Kanye West is also giving money to black-owned businesses in his hometown Chicago, Illinois after they were affected by the protesting that is happening for the Black Lives... Read more ...

Debenhams announces that 50 of its English stores will reopen on June 15

Debenhams announces that 50 of its English stores will reopen on June 15

The reopenings will take place a week after the retailer resumes trading at its three Northern Ireland stores. Read more ...

New car registrations slump 89% to lowest May level since 1952

New car registrations slump 89% to lowest May level since 1952

Just 20,247 motors were registered - down from 183,725 in May 2019 - as 'click and collect' sales during the month failed to spark UK sales to bounce back at a similar rate as... Read more ...

Will coffee one day supplant tea as Britain's hot beverage of choice?

Will coffee one day supplant tea as Britain's hot beverage of choice?

On Wednesday, I had a small hit of life going back to normal. One of the local independent coffee shops reopened - serving coffees and home-baked cookies out of a makeshift... Read more ...

Is the price of bitcoin set to surge after the cryptocurrency halved last month?

Is the price of bitcoin set to surge after the cryptocurrency halved last month?

Bitcoin watchers have told investors who expect its price to boom on the back of its recent halving to be patient and not expect instant returns. Read more ...

Regulators blacklist nine unauthorised debt advice companies since April

Regulators blacklist nine unauthorised debt advice companies since April

Unscrupulous advertisers are mimicking the names of legitimate debt charities, research has revealed, raising fears that vulnerable people looking for help are at risk of bad... Read more ...

The true cost of losing your car keys is an average of £215

The true cost of losing your car keys is an average of £215

The average price of a new key today is 29% higher than it was in 2013 - partly down to the wider use of expensive keyless tech. Read more ...