Goldman Sachs is organizing alums of its "10,000 Small Businesses” training program into a network that will press federal policymakers for more small business relief from the economic fallout of the coronavirus. Banking giants partnering with the Small Business Administration to hand out taxpayer-backed rescue loans are catching criticism from lawmakers and small-business people for prioritizing larger firms and established clients. ), the top senators on the Senate Small Business panel, on the loan initiative days before it launched. Goldman Sachs CEO David M. Solomon listens to President Trump as he discusses the coronavirus response with bank executives last month. The latest on PPPJovita Carranza, administrator of the U.S. Small Business Administration, and Treasury Secretary Steven Mnuchin.

Source: Washington Post April 30, 2020 12:00 UTC