$10 billion dollars made in fees by banks on coronavirus loans

$10 billion dollars made in fees by banks on coronavirus loans

According to a new report, it is stated that even though little to no risk was taken on the deals doled out by banks, they still earned nearly $10 billion in fees from loans. The loans were handed out and were backed by the United States to shore up small businesses which were battling the consequences of the coronavirus outbreak.

Simone
Simone
Hershel
Hershel 0 months

Jesus chased the moneylenders out of the temple once. To apologize you decided to give them the central banks, your media, and control of your very nation's currency. You're welcome.

Dave
Dave 0 months

Never let a tragedy go to waste.

One Watchable
One Watchable 0 months

10 billion dollars dollars? Is that a new form of currency now?

BoboRama
BoboRama 0 months

This sounds bad without context, but says nothing about the amount of loans given out, and really, what is the alternative? No loans? Loans at 0%? Just read they've given out 349B in loans which makes their interest about 2.9% rounding up.

Top in Business
Get the App