The Pandemic Response Accountability Committee (PRAC) reported that the government of the United States has forgiven a total of $394.6 billion of loans through the Paycheck Protection Program (PPP) loans, said NBC News. The data was released on Wednesday,...
On Thursday, Taiwan's Cabinet said that the government decided to give another T$150 billion in loans. This move is part of a plan to urge businesses to continue making investments domestically. After seeing corporations rush to return to Taiwan amid...
On Sunday, June 27, 2021, HSBC stated that they are pledging $5 billion in financing to "outstanding" firms in the United Arab Emirates to assist fuel the Gulf country's growth goals. The UAE's economy struggled in 2020 when important industries...
The Bank of Japan (BoJ) has announced that it will offer a lending facility to assist banks in combating climate change. This action is a remarkable decision that highlights central bankers' growing concerns about financial risks caused by global...
Cornerstone Home Lending, a residential mortgage lending company based in Houston, is acquiring Roscoe State Bank, situated in Texas. According to a joint statement, the proposed merger would result in a company with assets worth about $2 billion and equity...
According to a press release, Funding Circle, an online business loan provider in the U.K., will partner with Atom, a UK-based digital bank, for a lending arrangement worth £300 million or around $426 million. The announcement said that Atom has...
In a historic move, the United States Department of Agriculture (USDA) will start paying off agricultural loans given to minority farmers, reported The Washington Post. The relief is part of the pandemic relief law and will cover up the...
A partnership between the American Warrior Initiative (AWI), Fairway Wholesale Lending, and Fairway Independent Mortgage Corporation, aims to gift a service dog for a dedicated veteran. Fairway established the non-profit AWI in 2015 to support deserving veterans through local branch...
Some businesses that received their first Paycheck Protection Program (PPP) are offered safe harbor by the Internal Revenue Service (IRS) and the Treasury Department, said the Journal of Accountancy. This opportunity was opened upon the implementation of Revenue Procedure...
On March 18, 2021, LenDenClub, a peer-to-peer (P2P) lending site headquartered in Mumbai, announced that it had successfully merged with Google Pay and was now available on its system. It is the first peer-to-peer lending site to connect with...

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