loans

Fights Over Loan Terms Delayed Main Street Lending Program

Fights Over Loan Terms Delayed Main Street Lending Program
Fights Over Loan Terms Delayed Main Street Lending Program
July 12, 2020  |  Loans

More than three months ago, the U.S. Department of the Treasury and the Federal Reserve gave hope to small- to medium-sized businesses (SMBs) with the...

READ MORE >
Bank Lending Under Pressure As Investment Banking Booms
Bank Lending Under Pressure As Investment Banking Booms
July 12, 2020  |  Banking

Bank earnings have unusually high stakes this quarter, with investors’ dividends at stake and banks expected to add billions to their loan-loss reserves due to...

READ MORE >
Punjab National Bank Faces Third Major Fraud In As Many Years 
Punjab National Bank Faces Third Major Fraud In As Many Years 
July 10, 2020  |  Security & Fraud

Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by one of its customers, The...

READ MORE >
Car Talk: How One Bay Area Limo Fleet Rolls With The (Pandemic) Times
Car Talk: How One Bay Area Limo Fleet Rolls With The (Pandemic) Times
July 10, 2020  |  Merchant Innovation

More than a few notable companies have started in a Silicon Valley garage. Get the Full Story Complete the form to unlock this article and...

READ MORE >
Record 32 Pct Of Americans Miss Housing Payments In July
Record 32 Pct Of Americans Miss Housing Payments In July
July 08, 2020  |  Debt

A record number of tenants and homeowners — 32 percent — missed some or all of their rent or mortgage in July, according to Apartment...

READ MORE >
HSBC Glitch Causes Wrong Names On Thousands Of SMB Loans
HSBC Glitch Causes Wrong Names On Thousands Of SMB Loans
July 07, 2020  |  B2B Payments

Due to a technical glitch, thousands of U.K. government small- to medium-sized business (SMB) loans to HSBC customers were sent under incorrect names, BBC News...

READ MORE >
PPP Loans Could Be Boon For Banks In Processing Fees
PPP Loans Could Be Boon For Banks In Processing Fees
July 07, 2020  |  Banking

Banks arranging government loans intended for businesses hurt by the pandemic could reap as much as $24 billion in associated fees, The Wall Street Journal...

READ MORE >
Deep Dive: How The COVID-19 Pandemic Is Moving SMB Lending, Disbursements Away From Paper Checks
Deep Dive: How The COVID-19 Pandemic Is Moving SMB Lending, Disbursements Away From Paper Checks
July 07, 2020  |  Disbursements

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Number Of Homeowners In Mortgage Bailout Program Drops By 104K
Number Of Homeowners In Mortgage Bailout Program Drops By 104K
July 06, 2020  |  Coronavirus

The number of homeowners in the mortgage bailout program under the federal CARES Act fell by 104,000 from June 23 to June 30 — the...

READ MORE >