News

News

Deeply Distressed Companies May Not Get Fed Loans

Katherine Doherty, Kelsey Butler & Steven Church |

For businesses that were struggling before the pandemic struck, the federal stimulus bill “may not be the economic life preserver companies and their lenders were hoping for.”
News

Insurance Bills Related to Covid-19 and Business Interruption Coverage

FC&S Editors |

Some state legislatures are considering legislation that would require insurers to provide business interruption coverage, even if it is not in the policy language.
News

Banks Quietly Discourage Companies from Tapping Lines of Credit

Michelle F. Davis & Paula Seligson |

Some corporations have turned to pricier term loans or new credit lines rather than tapping existing ones, typically to stay in the good graces of lenders as recession looms.

News

Jefferies CFO Dies of Coronavirus Complications

Bernice Napach |

Peg Broadbent is the first Wall Street executive known to have died of the virus.
News

House Passes $2.2 Trillion Coronavirus Relief Bill

Melanie Waddell |

The bill, passed by voice vote, now goes to President Trump's desk.
News

Senate Passes $2.2 Trillion Stimulus Package

Melanie Waddell |

Lawmakers, however, are already calling for more.
News

Coronavirus May Prove To Be a 'Time-Limited' Problem for Plan Sponsors

Nick Thornton |

Plan sponsors should keep in mind that it's harder to reinstate retirement benefits one they've been removed.
News

Fed Goes All-in as Investors Wait on Congress

Bernice Napach |

The Fed took unprecedented steps; meanwhile, a Senate vote on a stimulus bill failed Monday afternoon.
News

Companies, Trade Organizations Seek to Postpone CCPA Enforcement Date

Dan Clark |

"The undersigned organizations employ millions of individuals who are faced with this crisis and are doing their best to manage their personal and professional lives in the face of uncertain times. Many companies have instituted mandatory work-from-home measures to limit community,” reads a letter from companies and trade organizations to California Attorney General Xavier Becerra.
News

Emergency Aid to Money-Market Funds

Craig Torres, Christopher Condon & Alexandra Harris |

Under new program announced last night, U.S. Treasury will provide $10 billion of credit protection for money-market mutual funds.

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