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TCF Announces Leadership Changes Effective January 1, 2016
TCF Financial Corporation announced changes to its leadership team in conjunction with the transition of Craig R. Dahl, currently vice chairman and president, to the role of chief executive officer. These changes support TCF’s focus on driving shareholder value through execution against four...
AloStar Provides $15MM to Stonemark Holdings
AloStar provided a $15 million commitment to Stonemark Holdings, Inc. of Frisco, Texas.Founded in 1983, Stonemark Holdings, Inc. provides insurance premium financing for companies operating in 16 different states. AloStar’s commitment was funded through AloStar Lender Finance, a platform developed...
Accord Launches Innovative Small Business Lending Program
Accord Financial Corp. announced the launch of AccordAccess, a unique online lending program aimed at financing growth for small and medium-sized businesses across Canada. AccordAccess is a fast, flexible working capital solution that provides unsecured loans of up to $75,000 to qualified companies....
Fitch: U.S. Lev Loan Default Rate Rises With Millennium’s Chapter 11
A total of $2 billion of loan defaults in November led by Millennium Health LLC pushes the trailing 12-month (TTM) default rate to 1.7% from 1.5% at the end of October, according to Fitch Ratings. Millennium's $1.8 billion Chapter 11 filing on Nov. 10 represents the largest default in the...
Bankruptcy Court Jurisdiction Raises Constitutional Questions
Grant T. Stein
The system of checks and balances, and separation of powers, has found a practical manifestation in Supreme Court...
9/1/2015 Topic: Bankruptcy
When President Obama announced the EPA’s new Clean Power Plan, he set off a...
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