J.P. Morgan Commercial Banking named Matt Sable as the new Head of Financial Institutions Group (FIG) within its Corporate Client Banking & Specialized Industries (CCBSI) business. In this role, Sable will lead Commercial Banking’s industry-leading FIG team, which supports clients across mortgage finance, banks, insurance and diversified finance. For the past five years, Sable has proven his leadership capabilities as the Head of Strategy for Commercial Banking, helping shape overall strategic
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Hilco Global's commercial-industrial team has acquired all of the assets of Sutton Leasing, a large fleet leasing company based in Sterling Heights Michigan, in a multi-million-dollar transaction which closed on May 7, 2021. The Hilco Commercial Industrial team plans to operate the company, managing the fleet lease portfolio which consists of over 7000 cars, trucks, and other transportation equipment. The new company will be called H19 Sutton Leasing and will be added to the H19 group of
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HSBC Holdings will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval. They include:
Exiting 90 branches out of a current branch network of 148 branches
HBUS will retain a small network of physical locations in existing markets which will be repurposed into 20-25 international wealth centres
Remaining branches, between 35-40, will be wound down
Exiting all Personal, Advance and certain Premier banking customers (those with balances
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Steve Emerson has announced the formation of Dry Creek Capital Partners, a special situations investing group formed to provide a platform for investments in debt obligations of distressed commercial real estate and small business debt. Dry Creek focuses on value credit opportunities including the acquisition of sub/non-performing commercial real estate loans, lower middle market and small business distressed debt and special situations. Joining Steve Emerson as Partners in Dry Creek are Mark
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Nations Capital, Inc. ("NCI"), an asset management and advisory firm focused on opportunistic investments and asset remarketing, has officially launched all of its business platforms to its clients and customer base. NCI is a strategic partner to companies and clients across a wide range of commercial and industrial sectors, with a particular focus and expertise in finance, restructuring, and insolvency. The Company provides capital, advisory services and infrastructure to guide clients and
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