April 29, 2024
Loans

Cherokees receive $500K for small business loans

Cherokees receive $500K grant to create small business loans The Cherokee Nation was recently awarded a $500,000 Rural Business Grant from the U.S. Department of Agriculture to create small business loans that support Cherokee citizen-owned businesses and create community-based jobs. Deputy Chief Bryan Warner accepted the donation during the Oklahoma Tribal Opportunity Partnership Summit in

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Funds

State Comptroller: New York residents can look for unclaimed funds | News

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Finance

AmeriServ ‘chats’ with listeners about finance | News

JOHNSTOWN, Pa. – AmeriServ Financial is providing a new service to the community that can be accessed any time, anywhere, bank officials said. The bank has introduced its “Bank Chats” podcast to help educate listeners about finance, said Susan Tomera Angeletti, AmeriServ senior vice president and director of corporate marketing. “We are hoping to just

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Loans

Biden is fighting a student loan crisis in America | Commentaries

Student loan borrowers demand President Joe Biden use “Plan B” to cancel student debt Immediately at a rally outside of the U.S. Supreme Court on June 30, 2023, in Washington, D.C. PAUL MORIGI/ GETTY IMAGES FOR WE THE 45 MILLION/TNS President Biden is on a mission of forgiveness for millions of Americans who cannot get

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Loans

Aozora Bank Shares Tumble on U.S. Office-Loan Provisions, Foreign-Bond Losses

Published: Jan. 31, 2024 at 9:39 p.m. ET By Kosaku Narioka Aozora Bank shares fell sharply after it projected a fiscal-year net loss due to higher provisions for U.S. office loans as well as losses from foreign bonds. Shares were recently 21% lower at 2,557.0 yen, falling to the day’s trading limit on Thursday morning.

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Loans

New York Community Bancorp Stock Tanks as It Posts Sharp Loss, Slashes Dividend

New York Community Bancorp reported a surprise loss as it wrote down bad real estate loans, sending its stock tumbling Wednesday and dragging down the share prices of regional banks across the country. “This was a major negative surprise,” Jon G. Arfstrom, an analyst at RBC Capital Markets, said in a Wednesday note. New York

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Loans

Banks’ office-loan exposure remains a ‘mixed bag’ as lenders manage through downturn

Banks continue to navigate a bumpy landscape in loans tied to a drop in office-space value and rent prices in many markets as workers stay at home. In one high-profile example on Tuesday, New York Community Bancorp NYCB cited a need to increase its allowance for credit losses (ACL) on the heels of an office

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Investors

SoFi Earnings Are Monday. Investors Are Hoping for First Quarterly Profit.

When SoFi Technologies reports earnings Monday morning, investors will be watching closely to see if the company succeeds in posting its first quarterly profit. The fintech’s management has previously said it expects to report its first profit—according to generally accepted accounting principles—for the 2023 fourth quarter. That said, analysts are a bit less optimistic, expecting

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Property

Slash Your Property Taxes with PA Clean & Green | Conservation and Renewable Energy News

Who doesn’t want to save money on property taxes? The Pennsylvania Farmland and Forest Land Assessment Act of 1974 — aka Act 319, or the Clean & Green Act — is a preferential tax assessment program that bases property taxes on use values rather than fair-market values. The program was launched to encourage landowners to

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Property

Pondering points of Pillen property tax relief plan

A 40% drop in statewide property tax collections in one year? That’s a huge goal Gov. Jim Pillen set forth last week in his State of the State address and in flying stops in Scottsbluff, North Platte and Kearney. All it takes, just to try to cut $5 billion in 2023 tax bills to $3

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