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SBA sets cap on amount of relief loans banks can process

Bloomberg The US Small Business Administration (SBA) is capping the value of loans individual banks can arrange under a federal economic relief program for small businesses after a fresh infusion of funding. The move reflects concerns among advocates for small businesses that the biggest US banks, which are ready to flood the SBA with applications, could dominate the lending and ...

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PBOC’s Yi vows support to economy

Bloomberg China should maintain liquidity at a reasonably ample level and offer targeted support to companies hit by the coronavirus epidemic, China’s central bank Governor Yi Gang said. The impact from the virus on China’s economy will be short-lived, and the fundamentals won’t change, according to the article by Yi published by the Economic Research Journal in its March issue. ...

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Germany prepares to take stake in Lufthansa in bailout

Bloomberg Germany is preparing to take a stake in Deutsche Lufthansa AG as part of a rescue package to help the carrier weather the coronavirus pandemic, according to people familiar with the matter. A decision is expected in the coming days for an overall aid package that could amount to more than double the company’s market capitalisation of 4 billion ...

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