Small- and medium-sized enterprises (SMEs) represent approximately 90% of businesses and more than 50% of employment worldwide and are important contributors to job creation and global economic development. [1] The COVID-19 pandemic delivered a significant economic shock in 2020, with SMEs and entrepreneurs at the center of the impact. [2] Prolonged business shutdowns, depresse...
READTaxi drivers and medallion owners are not the only ones feeling the impact of new competition brought on by ride-sharing companies like Uber Technologies Inc. and Lyft Inc. These disruptive technologies are also affecting the myriad of lenders to taxi medallion holders, including financial institutions, which are not only seeing the value of the medallions they underwrote at al...
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