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How community banks were small business saviours during the pandemic
FT News Briefing
The Pandemic and Community Banks in the US
4min Snip
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During the pandemic, small banks in the us played an outsized role. When Congress authorized the pay check protection programme, or p p p, loans, to support businesses during the shutdown, community banks processed more than half of those funds. Tanton colby smith: If inflation persists for longer then a sharp tightening of monetary policy from the federal res let's say would just add on another major headwind for emerging markets. i did a ton of reporting I north dakota is the only state that has a bank which participates in big commercial loans with community banks. It means you need physical distribution of credit.
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