Commerce

JPMorgan cuts loan reserves on recovery hopes

Through Anirban sen, David Henri (Reuters) – JPMorgan Chase & Co reported better-than-expected quarterly profit on Friday as it released some of the money it had accumulated against loan losses from coronaviruses, although the bank warned the loan demand is likely to remain sluggish this year. FILE PHOTO: A view …

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Marrone Bio Innovations obtains a loan of 1.7 million dollars under

DAVIS, Calif., April 17, 2020 (GLOBE NEWSWIRE) – Marrone Bio Innovations Inc. (NASDAQ: MBII) (the “Company” or “Marrone Bio”), an international leader in sustainable bioprotection and plant health solutions, has obtained a loan of $ 1.7 million under the Paycheck Protection Program (PPP) (the “loan”) contained in the CARES (Coronavirus …

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Getting a mortgage hasn’t been that difficult in six years

Mortgage lending in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report Thursday. The group’s mortgage credit availability index fell 4.7 percent to 120.9 last month, the lowest since March 2014, indicating tighter …

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