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Former Interim CEO & President Parker to Leave Wells Fargo
Wells Fargo & Company announced General Counsel C. Allen Parker has made the decision to leave the company effective March 31, 2020, to pursue other business opportunities. Parker joined Wells Fargo as General Counsel in March 2017, served as interim CEO and President from March 2019 to October 2019...
Ares Management Appoints Head of Credit Trading
Ares Management Corporation announced that Michael Schechter has joined the firm as Partner and Head of Credit Trading. Based in Los Angeles, Mr. Schechter will oversee the trading of all bank loans, high yield and related credit instruments in the U.S. and Europe. In this new position, Mr....
Monroe Capital Closes $454.35MM Collateralized Loan Obligation Transaction
Monroe Capital LLC announced the closing of a $454.35 million term debt securitization known as Monroe Capital MML CLO IX, LTD. The term financing was Monroe’s fourth CLO completed since March 2018 and is secured by a portfolio of middle market senior secured loans. Monroe sold securities rated from...
Citizens Commercial Banking Provides $214MM Revolving Line of Credit for Nations Equipment Finance
Citizens Bank announced that it has provided a $214 million Revolving Line of Credit for Norwalk, Connecticut-based Nations Fund I, a wholly owned subsidiary of NEF Holdings, LLC. Citizens acted as Left Lead Bank and Joint Lead Arranger.Nations Equipment Finance (“NEF”) was founded in 2010 and...
Challenges of Staying Competitive and Relevant in Asset-based Finance
Paul Bower
Despite new competitive forces from FinTech-style firms, traditional asset-based lenders should thrive and prosper into...
8/26/2019 Topic: Industry Trends
Despite new competitive forces from FinTech-style firms, traditional asset-based...
Latin America is widely recognized by U.S. investors and businesses as a region...
Topic: Accounting
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