News Source: Uinta County News
| about 1 month ago
The Obama administration outlined plans to increase lending to small businesses by increasing the size of Small Business Administration loans and providing cheap capital to community banks. President Obama made the announcement at a warehouse at...
News Source: Uinta County News
| about 1 month ago
Sen. Jeff Merkley has joined a California colleague in unveiling efforts to steer banking recovery funds toward community banks. Merkley, an Oregon Democrat, and Sen. Barbara Boxer introduced the Bank on Our Communities Act, which will allow...
News Source: International Herald Tribune
| about 1 month ago
The measures, announced by Mr. Obama at an event at a small records-storage company in suburban Maryland, would allow smaller, community banks to borrow money at low rates from the Treasury Department ’s Troubled Asset Relief Program . It would...
News Source: Asian Wall Street Journal
| about 1 month ago
President Barack Obama unveiled initiatives to help small businesses, saying the U.S. has "a long way to go" to ensure that credit flows to an area of the economy hit hard by the recession. "There is still too little credit flowing to our small...