Eurozone non-public sector returns to progress in March

The flash studying of the IHS Markit Composite Buying Managers Index (PMI), seen as an indicator of financial well being, rebounded above the 50 mark separating progress from contraction, to 52.5 in March, up from 48.8 in February, its highest stage since late 2018 An increase above 50.0 signifies the primary enhance in enterprise... Read More

Employees who refuse to return to work will not reduce the remission of PPP loans | Stoel Rives srl

Like states across the country start easing restrictions on business activities, employers are prepared to rehire workers who have been made redundant or put on leave. But some employers who have received a Paycheck Protection Program (“P3”) loan, which we have discussed here, here, and here, worry that some employees will refuse to return... Read More

ECB offers cheap loans to banks to stem economic slowdown

ECB President Christine Lagarde warned on Thursday that the eurozone economy could contract as much as 12% this year and that the form of a recovery was highly uncertain. The ECB left its key interest rates unchanged, but said it would offer four-year loans to banks at an interest rate as low as minus... Read More

BoE warns bank loan reserves may stifle corporate finance

The Bank of England has warned UK lenders against posting huge charges on soured loans, fearing it will limit their ability to support struggling businesses. Representatives from the BoE’s Prudential Regulation Authority spoke to senior bank executives over the past week to advise them not to ‘kitchen sink’ in the first quarter of the... Read More

A federal program is supposed to keep midsize businesses afloat. Why does he not reach them?

Can you summarize the rationale behind the Main Street Lending Program, and how effective it has been so far? A major concern in the COVID crisis is that the economic downturn could have long-term effects if it causes many businesses to fail. Once the virus subsides and the economy begins to recover, bankrupt companies... Read More

Do I have to repay my 401 (k) loan?

Illustration by Martin Gee Text size If you have a 401 (k) loan but your employer hasn’t reopened, you’re probably still obligated to repay the loan, says Virgil Rutili, a certified financial planner in Chicago. “I guess if the employer doesn’t reopen, it doesn’t change the fact that you still have the loan,” said... Read More

SCI’s Growth Trend Expected to Continue in Next Quarter, Says CEO Harjeet Kaur Joshi

What would be your suggestions to these women who aspire to reach the position you occupy? Persevere, dare and be ready to step out of your comfort zone. Aspire to achieve the goals in which you believe with conviction and assert your position. Recognizing the “leader” in you is relatively easy compared to nudging... Read More

As looming personal debt crisis emboldens collectors, Philly small claims court needs a bigger role

Philadelphians are racking up huge debt. An October survey by the Pew Philadelphia Research and Policy Initiative found that almost 1 in 3 is behind on their credit card bill. And the Census Bureau recently discovered that until the end of February, 35% of Philadelphia households metropolitan area struggled to afford usual household expenses.... Read More

How to claim an interest deduction on a student loan

Student loan debt in the United States topped $ 1.5 trillion in 2018 and won’t be slowing anytime soon. And what keeps people in dire straits with their student debt, besides the ever increasing cost of a college education, is interest. This student loan interest can be significant during tax season. Depending on a... Read More

How to easily request a tax return extension in 2020

We are at the finish line for tax returns. Have you already filed your 2019 taxes? Getty As if anyone needs more bad news during the coronavirus pandemic, Tax Day 2020 is fast approaching. The tax deadline for your 2019 tax return is July 15e, 2020. If you are reading this, I guess you... Read More