U.S. banks in another mad grab for $310 billion in new small business aid
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WASHINGTON (Reuters) - U.S. banks on Monday began another chaotic dash to grab $310 billion (249.44 billion pounds) in fresh small business aid released by the government, after it changed some of the rules of the first-come-first-served program at the 11th hour.The Small Business Administration (SBA) reopened its Paycheck Protection Program at 10:30 a.m. EDT (1430 GMT), allowing lenders to resume processing applications from businesses hurt by the novel coronavirus shutdown.Several bankers..