Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.
The company took aim at Institutional Advisory Services, which recommended on Friday that shareholders vote against 12 of the company’s 15 board members.
Reader reactions to criticism of Jamie Dimon, the House GOP ganging up on Richard Cordray, a bank's decision to part with Excel to measure credit losses, and more.
Bank of Montreal's Bill Downe, the longest-serving chief executive officer among Canada's largest lenders, will retire Oct. 31 after spending a decade expanding the nation's oldest bank through acquisitions in the U.S. and overseas.
Business confidence remains high, but Fed data shows commercial borrowing actually decelerated during the first quarter. Fortunately for banks, rate hikes have fattened margins.
The California Supreme Court ruled Thursday that a provision in an arbitration agreement is invalid if it tries to waive a consumer’s right to stop future violations of laws.
Negative interest rate policies have not been shown to speed up spending or borrowing. In some cases, countries with such policies have seen their savings rates continuing to climb.
White House economic chief makes nice with Elizabeth Warren over resurrecting bank separation law; Renaud Laplanche launches a new company to compete with his old one.
Elevate Credit in Fort Worth, Texas, debuted Thursday at half the price the company had been targeting. Investors may have been spooked by the possibility of rising losses.
