Banking

By Giuseppe Fonte and Valentina Za ROME (Reuters) – Rome is in talks with the European Commission over extending a state guarantee program that could help Italian banks get rid of around 30 billion euros ($ 36 billion) of bad debts this year, two sources familiar with the matter told …

“It is an untouchable subject,” she said. Rumors and rules The transformation of bankruptcy rules began in 1976, with unfounded rumors. A handful of lawmakers have claimed to have heard of a parade of young doctors and lawyers trying to play with the system and get rid of their debts …

SALT LAKE CITY – Another Utah Inner Port Authority bill tabled at the end of the Utah Legislative Assembly’s general session this year seeks to create a funding mechanism for loans at low interest rates for rural port projects. Even though dozens of speakers lined up online and in person …

The Upper City Council closed the chapter on Kestrel Aircraft Company on Tuesday, March 2. The company had hoped to revolutionize the general aviation industry by building its K-350 – a carbon composite turboprop aircraft – at Superior, creating 600 jobs. Kestrel announced that it would build its manufacturing facility …

ST. LOUIS, MO – March 8, 2021 – Home Care for Veterans (HCV), the national leader in obtaining VA assistance and assistance benefits for veterans and their spouses through its VetAssist® program, and In place, a leading home care provider, say they have formalized a labor agreement to allow more …

The restructuring plan proposed by KLM was rejected by the Dutch government for failing to secure crucial union commitments, and the airline will not be allowed to draw more on the loans offered to support the carrier. The Dutch Ministry of Finance informed Parliament that the first drawdown of the …

Westend61 | Westend61 | Getty Images A hellish tax season is fast approaching for small businesses that have received assistance under the CARES Act. “The provisions of the CARES Act are all useful for small businesses, but they will complicate tax planning efforts over the next two years,” said Holly …

BOSTON – A Worcester couple were arrested today on charges of fraudulently applying for business loans under the CARES Act and then spending the money on personal expenses. Lucy Oworae, 56, and her husband, Richard Oworae, 59, have been criminally charged with wire fraud and misrepresentation. They will make their …

President Joe Biden (left) and Vice President Kamala Harris (Photo by Drew Angerer / Getty Images) Getty Images President Joe Biden can change college debt in at least 10 ways. Here’s what you need to know – and what it means for your student loans. Student loans Call it the …

British Chancellor Rishi Sunak announced on December 17 that the Coronavirus Job Retention Program (CJRS) was to be extended until April 30, 2021. This represents a further one-month extension. The Chancellor also announced that the government’s contribution to employee wages for hours not worked will remain at 80% (capped at …