The company donates all processing fees from Paycheck Protection Program to nonprofits helping entrepreneurs, minority-owned businesses
SAN FRANCISCO, July 9, 2020 /3BL Media/ – Following an April 2020 industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled today the details of an approximately $400 million effort to help small businesses impacted by the ongoing COVID-19 pandemic keep their doors open, retain employees, and rebuild.
The federal government’s massive increase in spending in response to the COVID-19 pandemic is contributing to “substantially better” economic outcomes than would have been the case without those measures, while raising net debt levels only marginally over what they would have been, a new Scotiabank Economics report says.
The economic impact of the pandemic on households and businesses would also have been worse without the stimulus, with unemployment reaching 15% as opposed to the anticipated 13%, the report says.
New research shows commodity-driven deforestation is associated with five percent of global emissions; and deforestation in Amazon rose 50 percent in the first four months of 2020 as the economy began to collapse
New Ceres’ Investor Guide to Deforestation and Climate Change calls on investors to tackle deforestation risks at same scale and speed they bring to broader portfolio-wide climate risks
Over the past few years, as better data has made the risks and opportunities associated with climate change more apparent, investors and businesses have begun to invest in sustainable activities and rethink investment in fossil fuels.
Investment to back CDFIs deploying Paycheck Protection loans
CHICAGO, May 11, 2020, /3BL Media/- Northern Trust Corporation (Nasdaq: NTRS) announced today it is providing $100 million in low-cost funding to assist Community Development Financial Institutions (CDFIs) as they provide loans to small businesses and non-profit organizations under the federal Paycheck Protection Program (PPP).
As the horrendous economic news continues to pile up, somehow stock prices keep bouncing back, leaving many of us scratching our heads. This week’s guest on Sea Change Radio tries to help us make sense of it all. Mark Tulay, a consultant and expert in the field of sustainable investing, breaks down how Wall St. can essentially ignore economic reality, and how the stock market paints a picture of economic health despite the tens of millions of Americans suddenly out of work. Will Wall St.
The Covid 19 crisis has fundamentally changed things, not least for the asset management industry. Whether it is about focusing on their social purpose, highlighting the importance of staying calm, emphasising leadership, arguing about the need for active management, the development of a systems framework for investing, or stressing the need for sustainability and other key factors, senior leaders tell Professional Investor what the crisis has highlighted for them.