Two of the country’s biggest banks have made loans through the Federal Reserve’s Main Street Lending Program, which aims to help small- to mid-size businesses weather the pandemic, according to a Monday disclosure of program data through the end of October.
Bank of America, the country’s second-largest bank by assets, extended two existing loans using the central bank’s Expanded Loan Facility, and Wells Fargo, the fourth-largest bank, made three loans to companies via a branch in Sioux Falls, South Dakota. All five of the big bank loans were for multiple millions of dollars and one of the Bank of America ...