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Eight ex-Wells Fargo & Co. executives are facing a record $59 million in fines and the bank’s former CEO received a ban from the industry as regulators took unprecedented steps in holding individuals to account for corporate scandals, Bloomberg... Read Story

Filed Under: Industry News
January 24, 2020 @ 09:10 AM

Bank rating Outlooks are still skewed to the negative, although less so than six months' ago, Fitch Ratings says. The global share of Negative Outlooks was 13% at end-2019 and the share of Positive Outlooks 5%, compared with 17% and 6%, respectively... Read Story

Filed Under: Banking News
January 24, 2020 @ 09:05 AM

SSG Capital Advisors, LLC (SSG) acted as the investment banker to Papa Grande Gourmet Foods, LLC d/b/a Garcia Foods in the sale of substantially all of its assets to an affiliate of Mission Consumer Capital, LLC. The sale was effectuated through a... Read Story

January 24, 2020 @ 09:05 AM

BMO Financial Group announced that it has entered into a definitive agreement to acquire Clearpool Group Inc., a New York -based provider of holistic electronic trading solutions and an independent agency broker-dealer operating in the U.S. and... Read Story

January 24, 2020 @ 08:55 AM

Siena Lending Group LLC (“Siena”) announces the completion of seven new transactions exceeding $75 million in credit facilities during the fourth quarter of 2019. Siena’s new healthcare finance business closed two of those transactions. The... Read Story

January 24, 2020 @ 08:00 AM

Bank of America Business Capital is pleased to announce three new region marketing managers: Bobby Bans in the western region; Peter Langburd in the eastern region; and Steve Pomerantz in the central region.  Each will oversee a team of business... Read Story

January 23, 2020 @ 09:10 AM

Santander Bank announced that its Commercial Banking division closed a $75 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables Corporation (WTEC). Santander acted as administrative agent, sole lead arranger and... Read Story

Filed Under: Energy
January 23, 2020 @ 09:05 AM

J.P. Morgan continues to expand its Commercial Banking business with senior appointments to the Corporate Client Banking & Specialized Industries (CCBSI) team in Japan. This new team, part of the Commercial Bank division at JPMorgan Chase Bank, N.A.... Read Story

January 23, 2020 @ 09:00 AM

Wynnchurch Capital, L.P., a middle market private equity firm, announced the closing of its fifth private equity fund, Wynnchurch Capital Partners V, L.P  at $2.277 billion of committed capital.The Fund, which had a target of $1.6 billion, was... Read Story

Filed Under: Industry News
January 23, 2020 @ 08:55 AM

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of Highcare by Bencis. Crescent has also provided an... Read Story

January 23, 2020 @ 08:00 AM