Financial services

AP News
July 06, 2020 - 3:56 pm
COLUMBUS, Ohio (AP) — Governors who ordered shutdowns as their states responded to the coronavirus pandemic were among millions of beneficiaries of the loan program created to help small businesses weather COVID-19's effect on the economy, data released Monday show. The governors of at least eight...
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FILE - In this June 10, 2020 file photo, Jovita Carranza, Administrator of the Small Business Administration, testifies during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak. (Kevin Dietsch/Pool via AP, File)
July 06, 2020 - 2:58 pm
NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ___ The financial services industry received roughly $27...
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FILE - In this June 25, 2020 file photo, a price sign is displayed at a retail store as a store employee wears a mask while working in Niles, Ill. Small businesses can still get help from the government’s coronavirus relief plan after Congress extended the Paycheck Protection Program until Aug. 8. The program that had been set to expire last week still has more than $130 billion left after giving out more than 4.8 million loans since its April 3 start. (AP Photo/Nam Y. Huh, File)
July 06, 2020 - 9:08 am
NEW YORK (AP) — Small businesses can still get help from the government’s coronavirus relief plan after Congress extended the Paycheck Protection Program until Aug. 8. The program that was set to expire Tuesday still has nearly $132 billion left after giving out more than 4.8 million loans since it...
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July 03, 2020 - 10:10 am
KYIV, Ukraine (AP) — Ukraine’s parliament on Friday accepted the resignation of the country’s top banker, who has stepped down citing political pressure. National Bank head Yakiv Smolii submitted his letter of resignation Wednesday, pointing at “systematic political pressure” as the reason for his...
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FILE - In this May 22, 2020, file photo, the Federal Reserve building is viewed in Washington. Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic. The minutes of the June 9-10 discussions that were made public Wednesday, July 1, 2020, show officials grappling with economic disruptions that had already occurred. (AP Photo/Patrick Semansky, File)
July 01, 2020 - 12:50 pm
WASHINGTON (AP) — Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the spring would likely be the steepest in the post-World War II period. The minutes of the June 9-10...
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Striking shipbuilders picket outside an entrance to Bath Iron Works, Monday, June 22, 2020, in Bath, Maine. The vast majority of picketers did not wear pandemic facemarks. (AP Photo/Robert F. Bukaty)
June 30, 2020 - 11:57 am
PORTLAND, Maine (AP) — The stakes are growing in a strike against Navy shipbuilder Bath Iron Works during a global pandemic as company-provided health insurance is running out for 4,300 shipbuilders who've left their jobs. Striking workers from Machinists Union Local S6 will be responsible for...
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June 29, 2020 - 3:10 pm
WASHINGTON (AP) — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He's making money through food delivery and pickup and wants to borrow funds so he can expand. Yet so far, a Federal Reserve lending program set...
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June 29, 2020 - 1:51 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the outlook for the U.S. economy is “extraordinarily uncertain” and the success of the recovery effort will depend in large part on the country’s ability to contain the spread of the coronavirus. “A full recovery is unlikely until people...
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June 29, 2020 - 8:36 am
BRUSSELS (AP) — The European Union on Monday prolonged economic sanctions against Russia for six months for failing to live up to its commitments to the peace agreement in Ukraine. The measures target Russia’s financial, energy and defense sectors, as well as goods that can be used for both...
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A motorbike ice-cream vendor smokes a cigarette as he waits for customers next to a beach on Salamina island, west of Athens, Monday, June 29, 2020. (AP Photo/Thanassis Stavrakis)
June 29, 2020 - 6:49 am
ATHENS, Greece (AP) — Greece's central bank says the country could avoid a major recession if it makes good use of emergency EU support funds and does not suffer a major renewed outbreak of COVID-19, but the pandemic is likely to compound long-term financial problems. In a 210-page report published...
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