US banks come under probe for PPP procedures.
BANKING AND CREDIT NEWS-June 18, 2020--US banks come under probe for PPP procedures
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Global Banking News - 18 June 2020
An investigation covering several big banks in the US is underway for their involvement in the Paycheque Protection Programme (PPP), according to Yahoo Finance.
Firms such as JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), Citigroup, Inc (NYSE: C) etc are involved. A House panel responsible for overseeing the Coronavirus pandemic response had accused the banks of preferring large, well-funded...
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