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Australia's Westpac sees over $2 billion hit to earnings amid virusWestpac Banking Corp said it would write down more than A$3.67 billion ($2.36 billion) in its first-half results, with most of the charges stemming from the economic deterioration expected from the coronavirus outbreak.
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Pelosi, Schumer demand small business carve-out as SBA restrains loansNancy Pelosi and Chuck Schumer are pressing the Trump administration to set aside at least $10 billion in small business rescue money for minority banks and other community lenders
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Public companies took far more small business loans than first thought — here's the latest tallyData from FactSquared, a Washington D.C.-based data analytics firm, shows the full extent that public companies successfully navigated emergency funding.
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Small Business Loans Site Crashes On 1st Day Of ReopeningBankers have been piling up Paycheck Protection Program applications for small businesses since April 16, when the loan fund ran out of money. It reopened today after Congress added $321 million, but no one can file because the website keeps crashing.
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Large companies returning their small business loans amid backlash - Business InsiderPublicly traded companies are now required to return loans under the Paycheck Protection Program. Private ones like Sweetgreen are returning them too.
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Pizza shop owner on being 'left out' from small business loansMSNBC's Vaughn Hillyard speaks to a pizza shop owner in Glendale, Arizona who thus far has not been able to receive an emergency loan through the Paycheck Protection Program. Despite being 'way ahead of the curve' in applying for the money, the shop owner says he has not been able to secure any funds and has been frustrated as he watches that money go to hundreds of publicly traded corporations.
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