Economy

A customer shops for paper towels at a supermarket in Trenton, New Jersey, U.S., on Monday, March 16, 2020. All New Jersey schools must close starting March 18 for at least two weeks as state officials try to slow the spread of the new coronavirus, Governor Murphy said. Photographer: David 'Dee' Delgado/Bloomberg
Michael Cohn
May 18, 2020 10:55 AM

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

3 Min Read
PNC M&A since 2000
M&A
Allissa Kline
May 15, 2020 3:34 PM

The Pittsburgh company’s sale of its stake in the asset manager yielded billions of dollars that could cushion the pandemic’s economic blow and eventually help fund a big acquisition.

4 Min Read
Deutsche Bank AG open after coronavirus
Michael Moeser
May 15, 2020 12:00 PM

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

14 Min Read
Paychex office
Michael Cohn
May 14, 2020 4:56 PM

The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey.

3 Min Read
IRS headquarters in Washington, D.C.
IRS
Tracey J. Niemotko
May 14, 2020 3:52 PM

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

2 Min Read
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Christopher Arnold
May 14, 2020 11:28 AM

In this environment where information is fluid and everything is changing on a daily basis, accountants must stay out in front of clients’ needs.

4 Min Read
Paul Burton
May 14, 2020 9:59 AM

Congress should direct more COVID-19 relief dollars to higher ridership systems, think tank Regional Plan Association said.

2 Min Read
Paul Burton
May 13, 2020 10:16 AM

While their regions, sizes and funding streams vary, several mass transit systems underscored the dire need for additional federal funding.

4 Min Read
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EY
By Ruben Munsterman and William Canny
May 12, 2020 11:39 AM

EY’s Dutch unit is asking its partners in the Netherlands to stump up funding to help it confront the blow to its business from COVID-19 measures.

1 Min Read
loans.jpeg
Nathaniel Hoopes
May 12, 2020 11:30 AM

The Term Asset-Backed Securities Loan Facility is just one example of a fund that could be retooled.

3 Min Read