House committee calls for details on US Coronavirus loans.
BANKING AND CREDIT NEWS-June 16, 2020--House committee calls for details on US Coronavirus loans
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Global Banking News - 16 June 2020
A House subcommittee investigating Coronavirus aid in the US has called on the Trump administration and some of the nation's largest banks for information on how much they lent as part of the aid programme.
The committee is seeking information on companies that applied for and received federal loans intended for small businesses. The move comes after Treasury Secretary Stephen Mnuchin told Congress last week that the names of loan recipients and the amounts disbursed as part of the USD600bn Paycheck Protection...
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