U.S. Fed preparing to buy new small business payroll loans: Wall Street Journal
(Reuters) – The Federal Reserve and Treasury Department are planning to launch a new program to buy loans that financial firms make through the government’s emergency small-business lending program, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The move would establish a secondary market for loans guaranteed by the Small Business Administration’s Payroll Protection Program, according to the report. (https://on.wsj.com/2whjMkH)
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Source : Reuters Link