written off

Non-performing assets rise by more than 50%, Chinese banks write-off $466.6 billion in 2020

By admin1 on January 22, 2021 • ( 0 )

On Friday, in a statement, China’s top banking and insurance regulator said, the sector has written off $466.6 billion (3.02 trillion yuan) in non-performing assets in 2020, up by more than 50% from a year ago. At the end of… Read More ›

Millions of small U.S. firms set to tap $2.2 trillion Paycheck Protection Program on Friday

By admin1 on April 1, 2020 • ( 0 )

According to a senior official from the Trump Administration, millions of applicants are likely to tap its $350 billion small-business coronavirus rescue loan program when it launches on Friday. Officials from the U.S. Treasury and Small Business Administration, which are… Read More ›