Actionable insights straight to your inbox

logo_equities.svg

Federal Reserve Says Backstop for Small Business Loans Is ‘Fully Operational’

The program is designed to make it easier for banks to offer loans under the $350 billion Paycheck Protection Program.
  • 1 min Read

By Reuters

Image: Marriner S. Eccles Federal Reserve Board Building. Source: iStockphoto, traveler1116

WASHINGTON (Reuters) – The Federal Reserve’s program to back emergency government loans to small businesses is “fully operational,” the U.S. central bank said on Thursday.

The program is designed to make it easier for banks to offer loans under the $350 billion Paycheck Protection Program by extending credit to financial institutions that make the loans, using the loans as collateral. “Supplying financial institutions with additional liquidity will help increase their capacity to make PPP loans,” the Fed said.

Reporting by Lindsay Dunsmuir; Editing by Chizu Nomiyama.

_____

Source: Reuters

  • More in Healthcare

Semiconductor Stocks Rebound, But Sector Still Has Issues

With pandemic-induced supply chain bottlenecks receding, semiconductor stocks have been riding a bullish trend, making higher lows and higher highs.

It’s Easy For Leaders to Play the Blame Game. Don’t.

To say the current situation isn’t pretty now seems an understatement, and it’s likely to remain chaotic for a while. Which is why it’s so important for leaders of all kinds not to fall prey to the very human tendency to go negative.

This Prestigious Bank Is Down 90% — Is Now the Time to Buy?

Bargain-hunting friends of mine have been asking: “Should I buy First Republic?” After all, First Republic is prestigious. Facebook founder Mark Zuckerberg got a mortgage there. Dozens of customer surveys rate its satisfaction scores higher than super-brands like Apple and Ritz-Carlton.

Recession Odds Rising (Plus: Jay Powell, Meet Sal Dali)

Many of us economy-watchers have been expecting recession, though with significant differences on odds and timing. Regardless, recent banking developments just made recession more likely and may have accelerated its onset.

Semiconductor Stocks Rebound, But Sector Still Has Issues

  • 3 min Read 
logo_equities_white

Sign up For our Newsletter

SITEMAP

Contact

© 2022 Equities News | Equities.com, Inc.