Capital Access Network Recognized With Annual Award
Small Business finance specialist Capital Access Network announced it was named one of the top financial services companies of the year at the 11th Annual American Business Awards.
Small Business finance specialist Capital Access Network announced it was named one of the top financial services companies of the year at the 11th Annual American Business Awards.
Three banks, two certified development companies and two Small Business Investment Companies received recognition by the SBA, as they were named 2013 Lenders and Investment Companies of the Year.
Bloomberg reported that U.S. regulators are considering doubling a minimum capital requirement for the largest banks, which could force some of them to halt dividend payments.
Wells Fargo said the U.S. Small Business Administration has named it the Large 7(a) Lender of the Year.
According to a new report by RBS Citizens and the Association for Financial Professionals (AFP), companies are exhibiting a greater need for liquidity in order to support corporate investment and growth.
Bloomberg reported that Fed chairman Ben S. Bernanke is putting investors on notice that the central bank is prepared to begin phasing out one of the most aggressive easing programs in its century-long history later this year.
Private companies appear to be well positioned to take on additional debt, according to recent data from Sageworks, a financial information company. But whether they are finding willing lenders or are even willing to borrow may be another story.
Riveron Consulting announced that senior manager Robert Wood joined its Washington, D.C office. Wood previously served as manager of financial advisory services for Deloitte.
In a news release, the Federal Reserve said it will maintain the current federal fund rate and continue bond purchases.
CFO reported that the accounting model banks use to set reserves for loan losses contributed to the large number of community bank failures during the financial crisis, citing a new report from the GAO.