U.S. readies $40 billion in loans to boost clean energy – official

© Reuters. FILE PHOTO: Former Michigan Governor Jennifer Granholm testifies before the Senate Energy and Natural Resources Committee in Washington By Timothy Gardner WASHINGTON (Reuters) – U.S. Energy Secretary Jennifer Granholm said on Wednesday she is ready to reactivate her department’s loan program office that went mostly unused in the last four years and has […]

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New kinds of loans and bonds could fill $28 billion COVID funding gap: WHO

© Reuters. WHO news conference on the novel coronavirus (COVID-2019) By Stephanie Nebehay and Emma Farge GENEVA (Reuters) -The World Health Organization is looking at new financial instruments to help to fill a $ 28 billion funding shortfall for tools to fight COVID-19, a senior official said on Tuesday. The WHO and GAVI vaccine alliance […]

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Bank loans scrutinized for harm to wildlife as well as climate

3/3 © Reuters. FILE PHOTO: BRAZILIAN FARMERS BURN FOREST FOR FARMING IN THE AMAZON BASIN. 2/3 By Matthew Green LONDON (Reuters) – Campaigners called on Wednesday for global banks to stop financing industrial activities driving animal and plant species toward extinction, after a report ranked 50 lenders involved in sectors that pose the greatest threat […]

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U.S. banks sweat regulatory exposure from pandemic loans

3/3 © Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Massachusetts 2/3 By Lawrence Delevingne, Koh Gui Qing and Michelle Price BOSTON/NEW YORK/WASHINGTON (Reuters) – Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $ 525 billion in […]

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US Treasury confirms it will give 7 major airlines Cares loans

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China’s big banks brace for lagging COVID-19 risks as bad loans rise

4/4 © Reuters. A logo of the Agricultural Bank of China is seen at the SIBOS banking and financial conference in Toronto 2/4 BEIJING/SHANGHAI (Reuters) – Four of China’s five largest state-owned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus […]

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Fed balance sheet shrinks further, and still no Main Street loans

© Reuters. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington (Reuters) – The U.S. Federal Reserve’s massive stash of bonds and other assets slipped for a third straight week to its smallest size since mid-May, data released by the central bank on Thursday showed. Meanwhile, the central bank has still […]

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Banco do Brasil sells $545.4 million in loans to BTG Pactual

© Reuters. SAO PAULO (Reuters) – Brazilian state-run lender Banco do Brasil SA (SA:) said on Wednesday it has sold a 2.9 billion-real ($ 545.40 million) non-performing loan portfolio to BTG Pactual SA (SA:). In a securities filing, BB said the transaction has an estimated impact of 371 million reais ($ 69.77 million) in its […]

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Few U.S. oil and gas firms return small-business COVID-19 loans

© Reuters. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma By David French NEW YORK (Reuters) – U.S. securities filings show that only three of 12 listed oil and gas companies that received emergency government aid made available for small businesses said they would return it ahead of a deadline for firms that […]

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U.S. securities regulator scrutinizes public companies that took emergency loans: sources

10/10 © Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Massachusetts 2/10 By Koh Gui Qing NEW YORK (Reuters) – The U.S. securities regulator has asked public companies that received emergency government loans to prove they qualified for the funds and made consistent representations to investors about their need for the aid, two […]

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