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Wells Fargo, Other Lenders Miss Debut of Rescue for Small Firms

Small businesses had mixed results Friday trying to apply for loans on the first day of an unprecedented and quickly arranged federal relief program, with some banks including Wells Fargo & Co. saying they weren’t ready as lenders across the country grappled with a lack of detailed guidelines from the government.

Goldman CEO Buys Two Jets for Bank in Break With Tradition (1)

For years, there was an allergy inside Goldman Sachs to owning a private corporate jet. Top bankers had access to rides on planes shared with others, but didn’t want to erode their less-than-stellar image on Main Street with the unnecessary extravagance of having their own.

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