Financial Services Financial Services

Many small US businesses were 'at risk' or 'distressed' even after last year’s economic expansion, NY Fed survey finds

By Neil Roland
  • 08 Apr 2020 14:33
  • 08 Apr 2020 15:31
About 30 percent of US firms with fewer than 500 employees were “at risk” or “distressed” at the end of last year’s economic expansion, with a disparate number of those businesses smaller, younger and “helmed by Black or Hispanic owners,” a US Federal Reserve Bank of New York survey found.

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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