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Bank of America, Wells Fargo Bank and U.S. Bank report that the vast majority of their Paycheck Protection Program lending is going to small businesses in California and nationwide......»»

While the PPP's second earmarked some money for small lenders, the nation's biggest banks already have handled billions in loans for Texas businesses......»»

RBS profit halves as the bank braces for surge in bad loans. Julian Satterthwaite reports......»»

OAKLAND, Calif., April 30, 2020 (GLOBE NEWSWIRE) -- Community Bank of the Bay (OTC:CBYAA), a San Francisco Bay Area commercial bank with full-service offices in Oakland, Danville and San Mateo, today reported that net inco.....»»

Wells Fargo & Co has revived its special group for bad energy loans in recent weeks as the bank braces for more pain from the sharp downturn in oil prices, people familiar with the matter told Reuters......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Standard Chartered PLC said on Wednesday its first-quarter profit tumbled 12%, as the emerging markets-focused bank boosted provisions against bad loans as the coronavirus crisis hammers its borrowers......»»

Profit as HSBC nearly halved as the bank set aside more money in anticipation of a surge in bad loans. Julian Satterthwaite reports......»»

Here’s a tip for small businesses looking for a loan: You’ll probably have better luck applying at a small bank—maybe a really small bank. Piermont Bank, which Of course, the need for PPP loans... To view the full story, click the title link......»»

In a series of class-action lawsuits filed in California and New York over the past week, Bank of America, Wells Fargo, U.S. Bank and JPMorgan .....»»

Alyssa Powell/Business Insider   Fintech company Kabbage has partnered with a bank that is an SBA-approved lender to provide automatic Paycheck Protection Program (PPP) loans to small businesses. You don't have to be an existing Kabbage customer.....»»

Rubio Demands Banks Explain If Certain Borrowers Favored For PPP Loans Sen. Marco Rubio (R-FL) has fired off letters to 12 bank CEOs a.....»»

Spencer Platt/Getty Images JPMorgan Chase, Citibank, and US Bank prioritized their wealthiest customers' applications for small-business loans, the New York Times reported on Wednesday. The bank.....»»

Working from home, employees hustled to process small-business applications under the Paycheck Protection Program......»»

SBA lending hasn't traditionally been a big line of business for ServisFirst......»»

Even though the federal government enacted legislation in late March to help small businesses suffering from the COVID-19 crisis, loans and grants are likely weeks away from hitting bank accounts. .....»»

The Fed’s recently announced program will offer companies with between 500 and 10,000 employees cheap bank loans that cannot be forgiven — potentially saddling them with debt loads that would make a post-crisis rebound more painful......»»

Bank of America Corp. followed two big rivals in setting aside billions of dollars for loans likely to sour amid an almost total U.S. economic shutdown. Profit plunged 45% as the company allocated... To view the full story, click the title link......»»

Bank of England Governor Andrew Bailey told Britain's banks to speed up lending to companies as the coronavirus crisis threatens to deliver a historic blow to the economy, urging them to "put their back into it and get on with it"......»»

Bank of England Governor Andrew Bailey called on Britain's banks to speed up the pace of getting state-backed loans to companies that are struggling to survive the coronavirus crisis, saying they must "put their back into it and get on with it.".....»»