UPDATE 2-Fed says it will provide financing against new U.S. ‘payroll protection’ loans
The Federal Reserve on
Monday moved to bolster a new small-business lending program by
allowing banks to turn those loans over to the U.S. central bank
for cash, easing concerns among banks about getting stuck
holding the low interest loans.
Monday moved to bolster a new small-business lending program by
allowing banks to turn those loans over to the U.S. central bank
for cash, easing concerns among banks about getting stuck
holding the low interest loans.
Posted by Reuters
