President Barack Obama is on the verge of creating as much as $300bn in credit for small businesses as bankers raise doubt about whether there’s demand for new loans and how much will be repaid. The US Senate may vote this week on a bill to funnel $30bn of capital to community banks, whose business customers typically are small firms.
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The average U.S. rate for a 30-year fixed mortgage fell to 3.33% this week, according to Freddie Mac, as the Federal Reserve’s bond-buying program created demand for securities backed by home loans.
Barbara Yolles is going to share her hard-won expertise at the engage.marketing summit June 11-12.