On April 9, the Federal Reserve announced the Main Street Lending Program, the latest in a series of liquidity commitments to bolster the economy during the coronavirus pandemic, particularly for small and medium-size businesses The program is backstopped by $75 billion in equity investment that will ... READ MORE >
Financial services
In the confusion of a pandemic, alternative data can show the way
Suppose you could turn back time and re-evaluate your company’s response to the coronavirus. There’s no crystal ball, but you have something that offers great insight – alternative data. How would you use it and what would you do differently? Which data sources would you trust the most and how would ... READ MORE >
How banks can help their customers navigate the coronavirus shock
As banks begin to help their small and midsize commercial borrowers obtain financing under the CARES Act, the reality is setting in just how severely the economy is being disrupted by the coronavirus. Even though the CARES Act provides a stimulus package of $2.39 trillion, or 11.4% of gross ... READ MORE >
How family offices and their portfolio companies might qualify for loans under the CARES Act
The CARES Act is a $2.2 trillion fiscal policy response to help American citizens and businesses struggling with the severe impact from the coronavirus pandemic. The law created several important programs to help provide liquidity to small and midsize businesses to cover payroll or other business ... READ MORE >
How to become a qualified lender under the Paycheck Protection Program
(Note: this article was originally published on April 1, and was most recently updated on May 5.) The federal government recently approved the CARES Act, a $2.2 trillion fiscal stimulus meant to address the economic damage of the coronavirus. Included in that package is the Paycheck Protection Program, ... READ MORE >
With the CARES Act, online lenders are poised to become mainstream
The $2 trillion CARES Act promises to help many American businesses, individuals and states overcome the severe impact from the coronavirus pandemic. The 883-page document covers a range of industries, updates portions of tax reform and provides financial support for businesses and individuals. But one ... READ MORE >
SEC gives regulatory relief to certain business development companies
Continuing a recent push to ease regulations, the Securities and Exchange Commission recently adopted a final rule that loosens compliance requirements on business development companies, which invest in small and medium-size businesses. The measure, which was adopted on March 12, significantly raises ... READ MORE >
As businesses contend with coronavirus, liquidity becomes a top concern
The outbreak of the coronavirus provided the exogenous shock to send the longest economic expansion in American history to an end. The robust steps taken recently by the Federal Reserve to shore up the front end of the money markets are essential to the free flow of capital and global economic stability, ... READ MORE >
Insurance industry girds for major impact from coronavirus
The coronavirus pandemic has turned everyday life upside down for nearly every American. Many schools have closed and in certain areas residents have been ordered to stay in their homes. As its impact is felt across the economy, the insurance industry will not be spared. Some of the effects will be felt ... READ MORE >
For family offices, coronavirus presents a new challenge, and chance to reposition
As the human and economic toll of the coronavirus mounts, no sector of the economy has been immune from the downturn, and this includes family offices. Like any industry sector, family offices are facing challenges in managing the crisis. For instance, employees working from home was uncommon in the ... READ MORE >