Banking & Financial Services
Top negotiators in Congress have sealed a deal on a nearly $1 trillion COVID-19 economic relief package. Lawmakers announced the agreement Sunday after days of negotiations. The agreement would establish a temporary $300 per week supplemental jobless benefits and $600…
more
Just two short weeks left in December and the rest of the year still leave questions regarding what the impact of COVID-19 will have on businesses and individuals in a (hopefully) post-COVID 2021. A newly released 2021 Insurance Industry Outlook…
more
Compared to 2019, bankers expect 2020 retail sales to be down by 3.1 percent, according a Rural Mainstreet Index survey sent out to bank CEOs. The survey concluded that around 54.8 percent of bankers anticipate a reduction from 2019, while…
more
The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the annual adjustment to the asset-size thresholds used to define small bank and intermediate small bank under the Community Reinvestment Act (CRA) regulations.…
more
With a little more than two weeks to spare, the Jackson County Legislature has finished allocating the last of the nearly $122.7 million it received in CARES Act money. The county offered a final breakdown Monday of the allocations, which…
more
Spire is offering a new financial assistance program for active, Missouri small businesses struggling due to the Covid-19 pandemic. “With 98% of small businesses impacted financially, the natural gas provider offers up to $500 in assistance,” states Spire’s news release. “Small…
more
Republican Sen. Josh Hawley unveiled a plan last week for another round of stimulus checks for millions of Americans. The Missouri senator modeled the new legislation after March’s CARES Act. His plan would provide $1,200 for individuals, $2,400 for couples…
more
Missouri Gov. Mike Parson announced Friday he has signed the more than $1.2 billion supplemental budget state lawmakers approved in special legislative session. Federal funds make up more than $1.17 billion of the almost $1.28 billion supplemental budget — with…
more
The Federal Communications Commission on Monday announced $9.2 billion in funding for rural broadband expansion projects, with about $346.3 million going toward projects in Missouri. Funds from the Rural Digital Opportunity Fund Phase I auction will be awarded to 180 companies over…
more
