Banking & Financial Services
Federal Pandemic Unemployment Compensation (FPUC) provides an additional $600 weekly payment for unemployment insurance claimants that are receiving a weekly benefit. FPUC, currently set to expire July 25, is part of the federal CARES Act. Individuals were eligible for the…
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There is no doubt that rising coronavirus cases are starting to impede commerce again. Many states have mandated masks in public places, in an attempt to avoid reversal of the gradual business and social reopening process. If there is…
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After the release of the Paycheck Protection Program from the Small Business Association (SBA), many questions are asked about the program regarding who was eligible for the forgivable loan and risk/ what kind of penalties might be included. Shortly after…
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Commercial chapter 11 filing totals during the first six months of the year (Jan. 1-June 30) increased by 26 percent to 3,604 from the 2,855 total filings during the same period in 2019 according to data provided by Epiq Global,…
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National Bank Holdings Corp. (NYSE: NBHC) plans to close a total of 12 branches across the U.S., part of those closures including three Bank Midwest locations in the Kansas City area. Bank Midwest is a division of NBH Bank, which…
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There is no doubt that rising coronavirus cases are starting to impede commerce again. Many states have mandated masks in public places in an attempt to avoid reversal of the gradual business and social reopening process. If there is any…
more
With the onset of COVID-19 in the spring, the federal government postponed the traditional April 15 filing deadline until July 15. The extended deadline provided some economic and logistical relief for taxpayers dealing with the disruptions and uncertainty brought on…
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June survey highlights from the Mid-America Business Conditions Index show that for a ninth straight month, the overall index rose above growth neutral. On average, bankers estimated that farmland prices declined by 4.0 percent over the past 12 months and…
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Q: With nearly a full quarter to assess the implementation of PPP, what’s your take on the overall administration of the program, including protections built in for banks by Treasury and the SBA? A: The first couple of weeks of…
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Three months since the Trump administration launched the pandemic aid program for small businesses worth $670 billion, the window to apply ends Tuesday with about $134 billion in funds obtainable as of Monday night, reports The Wall Street Journal. The…
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