Financial

Nigeria wants banks to modify 65% ​​of loans amid economic fallout

Register now to our Next Africa newsletter and follow Bloomberg Africa on Twitter Nigeria’s central bank wants the country’s lenders to restructure nearly two-thirds of all loans to help borrowers cope with falling oil prices and the economic fallout from the coronavirus. Loans worth 7.8 trillion naira ($ 20 billion) …

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Economic Stimulus Loan Program to Help 15 States> Columbia Business Report

A group of community finance organizations is raising $ 150 million in capital to help small businesses and nonprofits in 15 states, including South Carolina, struggling to navigate and recover from the COVID crisis. 19. The Southern Opportunity and Resilience Fund will provide economic stimulus loans designed to reach smaller …

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Senate Democrats want Biden administration to write off up to $ 50,000 in student loan debt

ST. LOUIS, Mo- The two U.S. senators from Illinois voted in favor of a resolution Thursday calling on the Biden administration to use executive power to write off up to $ 50,000 in student loan debt for borrowers federal. “Canceling up to $ 50,000 in debt would bring immediate financial …

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Hawaiian Airlines job cuts loom despite $ 420 million loan

Hawaiian Airlines got a $ 420 million lifeline from the Treasury Department on Tuesday, but the CARES Act loan alone will not prevent the more than 2,500 job cuts planned in the most major state airline. The Treasury Department announced on Tuesday that United Airlines, American Airlines, Alaska Airlines, Frontier …

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Wisconsin PPP loan recipients face millions in surprise taxes

To note: February 18, 2021, The Evers government has signed a bill (AB 2) which, among other provisions, brings the state into line with the federal tax treatment of canceled PPP loans, providing an important solution to the problem described below. Nearly 90,000 Wisconsin small businesses that have taken out …

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Fintern launches consumer credit thanks to AI and Open Banking

FCA’s authorized lender, Fintern, will expand access to affordable personal loans in the UK. Fintern to replace outdated credit scores with affordability tests to make responsible lending decisions London, United Kingdom – News Direct – Stockwood Strategy The UK consumer loan market is worth £ 160 billion, but more than …

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Council talks go “full” on fireworks | News, Sports, Jobs

TR PHOTO BY JOE FISHER Michelle Spohnheimer, Director of Housing and Community Development, and City Council recognized Esmeralda Armas and Geri Larson for their years of service ahead of Monday’s council meeting. Marshalltown may be planning a larger than usual fireworks display for July 4th. Marshalltown City Council discussed how …

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The impact of the NBA on the Thurgood Marshall College Fund

NBA Second Half Scenarios: COVID-19 and Competitive Balance SportsPulse: As we head into the second half of the NBA season, USA TODAY Sports’ Mark Media breaks down three key scenarios that will dominate the playoff preparation. USA TODAY One by one, the students read their letters aloud. They wrote them …

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Banks tighten standards on consumer and business lending

With the pandemic continuing to hurt the U.S. economy, banks tightened their underwriting standards on consumer and commercial loans in the third quarter, according to the Federal Reserve’s latest survey of bank lending practices. Banks that took part in the Fed’s quarterly credit manager survey raised the bar for approving …

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Be your own lawyer | State College, PA

Being his own lawyer years ago gave Joe Battista an influential experience reading and meeting motivational speaker Arthur Schwartz. You have just heard from your doctor, rather solemnly, that your test results came back on a CT scan and that there is an “irregularity”. You are told that you will …

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