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GE On Why The Road To Growth Runs Through Cross-Border Payments

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The 142-year-old company touches nearly every aspect of today’s economy, from healthcare and aviation to energy production and finance. The company is hardly alone in facing headwinds in the current economic climate, either, which can pose additional challenges for multinational companies.

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TD Bank Creates New Commercial Bank From Combined Services

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The corporate and specialty banking teams include divisions for Asset Based Lending, Equipment Finance, Institutional Healthcare and Higher Education, Commercial Real Estate and Global Trade Finance. All of those will be joining TD Bank’s Commercial organization, according to the release.

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Mark Cuban Says Banks Moving Too Slow To Help SMBs

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He compared it to the rocky start of the Affordable Care Act and related healthcare exchanges. The government will look into approving additional funding if it is needed, Treasury Secretary Steven Mnuchin has said. Cuban said he is optimistic that the PPP loan process will get better over time.

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SMBs Come And Get It: $132B Still Available From PPP

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Treasury Department and Small Business Administration (SBA) indicated the Paycheck Protection Program (PPP), the forgivable loan initiative, still has nearly $132 billion waiting to be borrowed. In his remarks with the release of the data, Treasury Secretary Steven Mnuchin focused on the dollars that were distributed.

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J.P. Morgan Looks Toward Payments Modernization

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Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels in order to manage a remote workforce, supply chain disruptions and economic uncertainty.

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DOJ Finds Evidence Of PPP Loan Fraud

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The work of the Department of Justice to look into fraudulent use of coronavirus assistance is taking from the model that its healthcare fraud strike force utilized. Treasury Secretary Steven Mnuchin said in April. Problems were reportedly found in applications that received the green light and those that did not.

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Kudlow: Third Round Of SBA PPP Loans ‘May Be’ Necessary

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National Economic Council, said that the White House has made no decision regarding additional emergency loan funding due to the coronavirus pandemic. He did say that the third allotment of money might be necessary. . This has been an extremely popular and effective program, no question about it,” Kudlow told CNN.