Monday Links: Obama and the Bankersby
Obama presses top bank execs to expand small business lending, the FT’s Anna Fifield reports.
Bank of America pledges to boost small business lending by $5 billion in 2010, Reuters reports. (The bank loaned $12 billion in small business through the first three quarters of 2009 — a figure that includes business credit card lending.)
Credit unions say regulatory changes could allow them to make billions more in small business loans, Michelle Samaad reports in the Credit Union Times.
Uncertainty over the extension of subsidies to help laid-off employees buy health insurance worries businesses and workers alike, Andy Miller reports at Kaiser Health News.
The U.S. Energy Dept. funded clean tech companies to the tune of $13 billion in the first three quarters of 2009, compared to just $2.7 billion venture capitalists invested, Neil King Jr. writes at the WSJ.