Money

Dividends for bank investors down but better than expected

Banking executives expect industry to rebound, citing expected economic growth Kampala, Uganda | ISAAC KHISA | 2020 has been a difficult year on almost all fronts: public health, production, new orders, employment and demand, among others. The once-growing economy has contracted, and interest rates have plunged deeply as coronavirus cases …

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Watchdog says quick paycheck protection loans could lead to fraud

Efforts by the US Treasury Department and the Small Business Administration to quickly obtain hundreds of billions of dollars in small business forgivable loans make the program vulnerable to fraud, according to a new watchdog. report. Banks, with support from the federal government, have been approved to lend more than …

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