Apr 14, 2020

Our COVID-19 future, as told by banks

Photo by Michael Nagle/Getty Images

The season for corporations to report their January to March results is upon us, and many will contain educated guesses about how the COVID-19 Economy will play out. Inside the confusion over the $350 billion in loans for smaller businesses.

Segments From this episode

COVID-19

With COVID-19 hammering the economy, banks report first quarter earnings

by Nancy Marshall-Genzer

Apr 14, 2020

Many banks are still expected to pay dividends to shareholders.

The impact of the coronavirus crisis won’t show up until the second quarter, and some banks will soften the blow with profits from administering federal stimulus programs.

Spencer Platt/Getty Images

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COVID-19

Small businesses seeking loans to cover COVID-19 losses face confusion, frustration and uncertainty

by David Brancaccio , Candace Manriquez Wrenn , Rose Conlon and Alex Schroeder

Apr 14, 2020

The loan program was designed before we understood how long this crisis might last, Amanda Ballantyne of Main Street Alliance says.

Jason Kempin/Getty Images

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Music from the episode

Everybody Know Guts

The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Brian Allison Engineer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Rose Conlon Producer

Alex Schroeder Producer

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