Smaller lenders on Wednesday evening were getting special access to a key loan program for small businesses hurt by the coronavirus crisis, in a development that big banks quickly criticized.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big banks have been temporarily locked out of the small business lending program - Business InsiderThe move comes after concerns that small lenders serving businesses owned by people of color would have to compete with big banks.
Read more »
Scram Big Banks: Small Lenders Take Over SBA Lending Program (For A Night)The SBA chief announced that only small banks will be given access to the Payroll Protection Program for eight hours, after heavy criticism that the program had given money to well-known businesses.
Read more »
Trump lauds 'amazing' SBA loan program as big banks feel angstPresident Trump on Tuesday touted the 'amazing' numbers of emergency small business loans being issued — even as anxious lenders warned that the administration was leaving scores of their customers in limbo
Read more »
Small Movies, Big Profits: 2019 Most Valuable Blockbuster TournamentWhen Deadline runs its Most Valuable Blockbuster film profitability countdown each year, readers often ask about certain films that make big bucks but don’t make the list because they don&82…
Read more »
Stocks fall, Dow snaps 4-day winning streak as big tech shares slideThe Dow snapped its four-day winning streak as big tech shares slid. Here's how the major averages performed: - The Dow dropped 32 points. - The S&P 500 fell .52%. - The Nasdaq lost .4%.
Read more »