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President Rodrigo R. Duterte on Tuesday signed the law allowing financial institutions to offload bad debts through asset management companies. Through Luz Wendy T. Noble and Beatrice M. Laforga, Reporters The banking industry nothe productive loan ratio (NPL) should be reduced, with the implementation of the Strategic Institutional Transfer Law (FIST), Bangko Sentral ng Philippine …

Amicus received a bunch of good news last month when analysts threw cold water on Sanofi’s late-onset Pompe disease ERT, after a Phase III study essentially paved the way for the competitor candidate for Amicus to be the flag bearer. Today, Amicus is gearing up for a new “path to profitability” with an expected windfall. …

HONG KONG / LONDON (Reuters) – Standard Chartered PLC (STAN.L) said on Wednesday it expects its major markets to lead the global economic recovery from the COVID-19 crisis as early as the end of the year, adopting an optimistic note after the increase in bad debt provisions crushed quarterly profit. FILE PHOTO: A Standard Chartered …

(Francisco Kjolseth | The Salt Lake Tribune) Congressman Ben McAdams, D-Utah, prepares to hold a press conference on Midvale City Main Street among closed businesses on Wednesday, April 29, 2020, as he calls on the Treasury Department and the Small Business Administration to release the full list of people who received the nearly $ 700 …

The Romanian group Alro Slatina (ALR), one of the largest vertically integrated aluminum producers in Europe in terms of production capacity, has extended until 2023 two syndicated credit facilities totaling 150 million euros. dollars. The public lender EximBank coordinated this facility for the first time. The banking syndicate includes nine other financial institutions – Unicredit …

WASHINGTON – As part of its clean energy program, the Biden administration is relaunching a Department of Energy program that has provided billions of dollars in loan guarantees to companies such as electric car maker Tesla and the company solar bankrupt Solyndra, said Energy Secretary Jennifer Granholm. The loan program helped launch the country’s first …

The American Institute of CPAs and its business and technology arm, CPA.com, have released a Paycheck Protection Program (PPP) loan cancellation platform, PPPForgivenessTool.com, which automates the forgiveness process for small business owners who have received P3 funds. Part of the CARES Act stimulus plan, the PPP is designed to help businesses affected by the coronavirus …

For more information, please contact: Philip B. Hodge – President and CEOAlan MacDonald – Chief Financial Officer and Corporate SecretaryTelephone: (403) 269-2289Fax: (403) 265-7488Email: [email protected] Warnings Certain statements in this press release contain words such as “anticipate”, “could”, “should”, “expect”, “seek”, “may”, “intend”, “probably “,” Will “,” believe “and similar expressions, statements relating to matters …

NEW YORK, NY – Greystone, a leading national commercial real estate finance company, has provided a loan of $ 9,350,000 to Fannie Mae Delegated Underwriting and Servicing (DUS®) to refinance a multi-family property in Oak Creek, Wisconsin. The transaction was initiated by Clint Darby, Managing Director of Greystone. Fannie Mae’s $ 9.35 million loan has …

FILE PHOTO: The Grindr app is seen on a cell phone in this photo illustration taken in Shanghai, China March 28, 2019. REUTERS / Aly Song / Illustration (Reuters) – Grindr, the gay dating app valued at $ 620 million when it was recently sold by its Chinese owner, has been approved for a $ …