September 24, 2021
  • September 24, 2021

Debt

BoE warns bank loan reserves may stifle corporate finance

by on March 23, 2021 0

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...

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

by on March 23, 2021 0

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...

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CARES Act includes $ 349 billion in government-backed small business loans to ease COVID-19 coronavirus slowdown

by on March 23, 2021 0

Congress passed and Republican President Donald Trump on Friday signed the Coronavirus Aid, Relief, and Economic Security Act, making billions of dollars in loans available – and in part forgivable – for small businesses like body shops that suffer a hardship. economic blow from COVID-19. House Resolution 748, also known as the “CARES Act,”...

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India merely allowed corporations to borrow cash from abroad

by on March 23, 2021 0

All corporations eligible for overseas direct funding can now increase funds from overseas collectors routinely. Extra importantly, all sector limits have been eliminated, with an abroad borrowing restrict of $ 750 million on an annual foundation for all companies. The transfer is predicted to mitigate a liquidity disaster, and help the rupee by attracting...

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