Displaying items by tag: banks
OPINION: The West's SWIFT kick is aimed at Russia, but it will also hit the U.S. dollar
As part of the western response to Vladimir Putin's invasion of Ukraine, several regimes acted on February 26 to exclude certain Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. As of March 1, Reuters reports, SWIFT says it's awaiting a list of the sanctioned banks so that it can cut them off.
New report shows decline in small business lending in rural NC counties
RALEIGH — A new joint report from the NC Rural Center and Thread Capital shows that a decade after the Great Recession, North Carolina's small businesses are still struggling to recover and catch up with their urban counterparts in the state.