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Signature Bank, a New York-based full-service commercial bank, announced the establishment of its new Fund Banking Division, dedicated to providing financing and banking services to the private equity industry. Signature Bank’s new Fund Banking... Read Story

Filed Under: New Venture
October 16, 2018 @ 02:00 PM

Santander Bank announced that it has expanded its Commercial Banking presence in the Southeast region and has named Fred Aldin as market director for Southeast commercial banking to lead the expansion. Santander also named Alex Terzi as head of... Read Story

October 16, 2018 @ 08:12 AM

A quarter of companies making a major acquisition were downgraded, or placed on Rating Watch Negative or Negative Outlook immediately after the deal's announcement, based on our analysis of rating trends following 200 major transactions over five... Read Story

October 16, 2018 @ 08:09 AM

HSBC US Commercial Banking announced that it will launch a Digital Partner Platform to improve client experience for corporate customers of all sizes through digital enhancements and partnerships. The platform will also streamline the ability for... Read Story

Filed Under: FinTech
October 16, 2018 @ 08:00 AM

Penn National Gaming, Inc. announced that it completed its previously announced acquisition of Pinnacle Entertainment, Inc. as well as the related divestitures to Boyd Gaming Corporation and the real estate transactions with Gaming and Leisure... Read Story

Filed Under: Entertainment
October 16, 2018 @ 07:38 AM

Greystone, a commercial real estate lending, investment and advisory company, has hired Jennifer Cherney as a Managing Director as part of its ongoing effort to expand the firm’s lending operations across the Northwest. Based in Seattle, WA, Cherney... Read Story

October 16, 2018 @ 07:10 AM

Vistara Capital Partners announced the launch and first close of its third fund, the Vistara Technology Growth Fund III LP, with a goal to raise $100 million. “Vistara” provides capital in the form of highly flexible debt financing for tech companies... Read Story

Filed Under: Technology
October 16, 2018 @ 07:00 AM

As many had anticipated, Sears Holdings Corporation filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.The Company expects to move through the restructuring... Read Story

Filed Under:
October 15, 2018 @ 07:23 AM

National Stores will begin a store closing sale at 184 of its remaining locations, the company said. The store closing sales are being conducted by a joint venture consisting of Hilco Merchant Resources, Gordon Brothers and SB360 Capital Partners.... Read Story

Filed Under: Bankruptcy
October 15, 2018 @ 07:19 AM

Claire's Stores, Inc. announced that it successfully completed its financial restructuring and emerged from Chapter 11 as the Company's court-confirmed Third Amended Plan of Reorganization went into effect October 12, 2018. With support from its... Read Story

Filed Under: Bankruptcy
October 15, 2018 @ 07:15 AM