Credit unions battle banks over lending-limit legislation
WASHINGTON - Credit unions and banks are squaring off over a Colorado lawmaker's proposal to relax lending restrictions so credit unions can increase the number and size of small-business loans. Federal law requires credit unions to cap commercial ... Read more..
Ex-Im Bank Renews $100 Million Africa Insurance Initiative
Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) today announced a three-year renewal of the Bank's Short-Term Africa Initiative (STAI) that provides export-credit insurance for U.S. exporters selling to 18 countries in sub-Saharan Africa, up to a program limit of $100 million. The initiative is renewed through March 31, 2015. Read more...
Small business advice: Ensure energy efficiency in your social media efforts
To understand the problem that small business owners face with their use of social media, consider how many sites exist, what they each promise, and how many of them ask for the same information. Already strapped for time, entrepreneurs and business ... Read more..
Small Business Loans on Rise
Business has been steady at Engineering Sales Associates, a 19-employee shop that brings in about $5 million a year in revenue. The company is a prime representation of Bank of America's new push into small-business lending. Read More...
Real gross domestic product (GDP) grew at an annual rate of 2.2 percent in the first quarter of 2012, according to today’s advance estimate.
This follows a growth rate of 3.0 percent in the fourth quarter of 2011. Read More...
ECB: Bank Credit-Standard Tightening Eases In 1Q Due To 3-Year Loans
"Today's bank lending survey shows that the worst phase of the crisis for the euro-zone banking sector may be over, and confirms that the ECB's bold unconventional measures significantly reduced the risk of a credit crunch," said Marco Valli, ...Read more...
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