Banking & Finance

Across the state, officials say the level of panic has subsided, but the need among small businesses remains. Columbia-based Optus Bank is already processing 600 applications. … Read More

State and federal funds have provided stopgap help as business owners across the state cope with a constantly changing landscape and try to chart a post-pandemic future. … Read More

Under the agreement, to be completed through an expedited reorganization under Chapter 11 of the U.S. Bankruptcy Code, Sycamore Partners will retain majority control of the Charlotte-based department store. … Read More

The state’s triple-A ratings from Moody’s and Fitch Ratings have been reaffirmed, as has its AA Plus rating from Standard & Poor’s, according to S.C. Treasurer Curtis Loftis. … Read More

Approximately 60,000 Paycheck Protection Program loan applications submitted by nearly 3,000 lenders were approved from Jan. 11-Jan. 17. The program reopened to community financial institutions last week and is now open to all lenders. … Read More