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A former vice president of a Lawton bank has been ordered to serve 16 months in prison for costing his bank more than $1 million during a fraud scheme he hatched to fund his gambling habit. In Oklahoma City federal court this month, U.S. District Judge Jodi W. Dishman imposed the sentence on John Padilla, … Read more
The federal government is clawing back relief money it granted to local businesses during the pandemic, after finding that some may have been ineligible for the funds. Two Milwaukee-area businesses recently agreed to pay back loans that had been forgiven through the Paycheck Protection Program just three years earlier. Those businesses — University Club of … Read more
The U.S. is set to grant a more-than $9.6 billion loan to Ford and a partner for the construction of new electric vehicle (EV) battery manufacturing plants, with the country’s top energy agency this week saying that it has finalized the offer. On Monday, the U.S. Department of Energy (DOE) announced that it has finalized … Read more
PHOTO PROVIDED Groff Tractor & Equipment staff join Pennsylvania College of Technology employees and heavy construction equipment technology students to celebrate the equipment loan of a John Deere 550K dozer (on left) and John Deere 554G wheel loader (on right), donated for use for the Summer and Fall 2024 semesters. GT&E is part of the … Read more
This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We may also share information about your use of our site with our social media, advertising and analytics partners. Not consenting or withdrawing consent, may adversely affect certain features and functions. The technical storage or access is strictly … Read more
China has not approved any new loans to Cambodia in the first nine months of 2024, Cambodian finance ministry data shows, even though it has been Cambodia’s top creditor country in recent years. The reduction in funding may signal China’s more cautious approach to investment in Cambodia after a series of so-far unsuccessful infrastructure projects … Read more
The Gross-Alaska Theatre in downtown Juneau on Tuesday, Dec. 17, 2024. (Clarise Larson/KTOO) The shuttered Gross-Alaska Theatre building in downtown Juneau is poised to get a new life as home to 22 new apartments, including 20 that are considered affordable units. On Monday night, the Juneau Assembly unanimously approved a $1 million loan to help … Read more
Since the great financial crisis of 2008, there’s been a fundamental shift in the fixed-income landscape. Banks have been central to the creation of credit for consumers and small businesses, driven by their ability to take in low-cost deposits and loan money at higher rates. While non-bank loan channels have always existed parallel to traditional … Read more
SAN FRANCISCO — Pacific Gas & Electric Co. could receive up to $15 billion in federal loans to help the utility modernize its power grid and expand clean energy infrastructure across central and northern California, officials announced Tuesday. The U.S. Department of Energy announced a conditional commitment for one of the largest loan guarantees ever … Read more
Why You Should Trust Us Investopedia’s researchers spent countless hours analyzing hundreds of data points to determine the factors that mattered most for readers when choosing what company to take out a fast personal loan with. When choosing which lenders to feature on this list, Investopedia considered their fees, repayment terms, credit score requirements, and … Read more