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Biden s broadband plan will help banks reach new markets
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The Fiji Times » U S says $35 billion more in pandemic loans approved, trying to fix program snags
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Renewed Interest in Regionals
Moving down the market cap ladder, the action in the regional banks has dwarfed that of its national counterparts.
Just like the big banks, most regional banks have reported earnings beats for Q4, including First Republic Bank, PNC Financial, and Citizens Financial Group. But while the fundamental story between the two groups is similar, the trading action is not.
The
Direxion Daily Regional Banks Bull 3X Shares (DPST) is up 128% over the last three months, and year-to-date has taken in over $28 million in inflows.
Data Source:
Bloomberg. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. For standardized and month-end
US Small Business Administration Okays Additional COVID-19 Relief Loans Worth $35 Billion © REUTERS / BRYAN R SMITH
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Sputnik International
https://sputniknews.com/us/202101271081892440-us-small-business-administration-okays-additional-covid-19-relief-loans-worth-35-billion/
Earlier this month, US President Joe Biden unveiled a $1.9 trillion COVID-19 relief plan to tackle the economic fallout from the ongoing coronavirus pandemic.
The US Small Business Administration (SBA) has approved 400,000 more relief loans worth $35 billion, in a move aimed at containing the fallout from COVID-19.
The approval comes amid the SBA s efforts to resolve a spate of operational snags, mostly data mismatches and eligibility concerns related to its Paycheck Protection Programme (PPP) and mentioned by lenders.
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