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News Stories (103 Results) - COVID-19

Finance ERC, a new financial services industry provider, announced its innovative solution for businesses affected by the COVID-19 pandemic and economic shutdown.The brainchild of two alternative financing industry pioneers, David Goldin & Jeffrey... Read Story
January 18, 2023, 06:00 AM

StepStone Group, a global private markets investment firm, announced the final closing of StepStone Senior Corporate Lending II (“SCL II” or “the Fund”), raising over $1.3 billion of commitments, surpassing its target of $1 billion.  Through SCL II... Read Story
May 05, 2022, 08:00 AM

Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), directed the Agency to provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program Borrowers for a... Read Story
March 16, 2022, 07:52 AM

Small and midsize U.S. business leaders remain confident in their companies and resourceful in their approaches to confronting macroeconomic challenges that have created growing pains over the last year, finds JPMorgan Chase’s 2022 Business Leaders... Read Story
January 05, 2022, 07:39 AM

Global financial institutions’ (FIs) credit ratings have been affected less severely by the pandemic than by the two previous crises this century, Fitch Ratings says. The agency’s transition and default analysis shows that global FI ratings fell by 0... Read Story
November 17, 2021, 07:40 AM

The COVID-19 pandemic set off an increase in corporate bankruptcy filings not seen since the financial crisis, according to a report released today by Cornerstone Research. The report, Trends in Large Corporate Bankruptcy and Financial... Read Story
August 26, 2021, 07:37 AM

As much of the country reopens nearly a year and a half since the outbreak of the COVID-19 pandemic in the U.S., midsize business leaders’ optimism about their industries and companies hit record highs, according to JPMorgan Chase’s 2021 Business... Read Story
July 19, 2021, 07:39 AM

Epiq released its May 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. The new filings for May dropped to 34,734 across all chapters. This is a 15 percent drop from the April 2021 new filings count of 40,913.... Read Story
June 04, 2021, 08:00 AM

Continued economic recovery from the shock of COVID-19 kept the past quarter’s national Citizens Business Conditions Index™ (CBCI) in upbeat territory, with another healthy reading of 53.3. This compares with the fourth quarter reading of 56.0. A... Read Story
May 03, 2021, 07:46 AM

Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 16.3% and revenue growth of 3.2% during the first two months of the first quarter of 2021. This compares to year-over-year earnings growth... Read Story
April 14, 2021, 08:10 AM

President Joe Biden on Saturday, March 27, 2021, signed the “COVID-19 Bankruptcy Relief Extension Act” into law to extend provisions providing financially distressed consumers and small businesses greater access to bankruptcy relief. The legislation... Read Story
March 30, 2021, 07:35 AM

One year into the COVID-19 pandemic, healthcare companies are rethinking their corporate strategy and evaluating mergers, acquisitions and divestitures, according to the Global Healthcare team at Mitsubishi UFJ Financial Group (MUFG).  The team... Read Story
March 23, 2021, 06:00 AM

The first quarter Phoenix Management “Lending Climate in America” survey results reveal the third stimulus package will cause inflationary pressure in the U.S. economy.The third stimulus package includes nearly $2 trillion in coronavirus relief funds... Read Story
March 18, 2021, 08:15 AM

The American Bankruptcy Institute (ABI) sent a letter to Senate Judiciary Committee leadership on Friday supporting S. 473, the "COVID-19 Bankruptcy Relief Extension Act," to extend, for another year, bankruptcy-relief provisions due to sunset in the... Read Story
March 09, 2021, 07:06 AM

Bloomberg reported the Federal Reserve and other bank regulators are signaling new warnings for the U.S. economy, stating businesses hardest hit by Covid-19 are sitting on $1 trillion of debt and a high percentage of the debt is at risk of going bust... Read Story
March 05, 2021, 07:42 AM

Commercial real estate industry leaders continue to acknowledge the effects of the COVID-19 pandemic on various asset classes, while expressing increased optimism for both current and future market conditions for the remainder of 2021, according to... Read Story
March 05, 2021, 07:26 AM

With the promise of expanded pandemic-related relief and an improving vaccine rollout, U.S. business executives are taking a more optimistic view of the U.S. economy for the coming year, according to the first-quarter AICPA Economic Outlook Survey.... Read Story
March 05, 2021, 07:00 AM

The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, rose slightly in January 2021 to 124 from 121 in December 2020, indicating that while the U.S. economy continues to see... Read Story
March 04, 2021, 08:00 AM

Gordon Brothers has published a two-part series of articles examining current supply stresses and how the prolonged effects of the COVID-19 pandemic continue to disrupt global trade. Author Ulos Anderson, Senior Managing Director, Commercial &... Read Story
February 11, 2021, 07:48 AM

The national Citizens Business Conditions Index™ posted a second consecutive quarter of gains as optimism fueled by COVID-19 vaccine announcements and increased election certainty began to outweigh concerns about spiking pandemic cases.The Index rose... Read Story
February 08, 2021, 07:00 AM

Middle market companies took advantage of newfound clarity in crisis and are poised not just for a return but a renaissance. According to the 2021 BDO Middle Market CFO Outlook Survey, CFOs anticipate the new year will bring recovery and new... Read Story
January 12, 2021, 08:00 AM

The American Institute of CPAs (AICPA) is a strong advocate of additional relief for small businesses and worked in recent months to prepare CPA firms for the next round of Paycheck Protection Program (PPP) funding through the development of... Read Story
December 29, 2020, 08:15 AM

President Donald Trump signed into law H.R. 133, a $2.3 trillion coronavirus relief and government funding bill into law. The spending package provides coronavirus emergency response and relief, including extending programs for Americans who are out... Read Story
December 28, 2020, 09:19 AM

The global coronavirus pandemic hit small businesses especially hard despite the federal government programs tailored to pumping new capital into credit markets. But according to The Wall Street Journal, the pandemic masked a gradual contraction in... Read Story
December 21, 2020, 08:55 AM

Widespread vaccine availability later in 2021 will alleviate pressures on global structured finance (SF) asset performance by reducing the duration of the pandemic and likelihood of lockdown measures, mitigating downside risk in 2H21, Fitch Ratings... Read Story
December 16, 2020, 09:05 AM

More than half of business executives (54 percent) say they expect some negative impact to their organizations if a renewed round of economic stimulus does not materialize by early 2021, according to the fourth-quarter AICPA Economic Outlook Survey.... Read Story
December 14, 2020, 08:49 AM

Commercial Chapter 11 filings increased 46 percent in November over November of last year, according to data provided by Epiq. Increasing from November 2019’s commercial Chapter 11 filing total of 449, nearly half of the 654 commercial Chapter 11... Read Story
December 07, 2020, 08:55 AM

The Federal Reserve Board announced an extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31.By backstopping critical short-term funding markets, these facilities are... Read Story
December 01, 2020, 08:36 AM

Financial institutions will be exposed to long-lasting economic scars from the coronavirus pandemic, which could affect ratings in the longer term, Fitch Ratings says. This is likely to be negative for the credit profiles of most banks and for US... Read Story
November 30, 2020, 09:10 AM

COVID-19 has stalled the emergence of new credit fund investment strategies and has pushed managers to focus on their existing credit platform products, according to a new report from global law firm Ropes & Gray.The report, “Challenges and... Read Story
November 25, 2020, 09:05 AM

Earlier this year, the American Institute of CPAs (AICPA) joined more than 170 organizations urging Congress to include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP) in its next... Read Story
November 24, 2020, 07:50 AM

The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, remained steady in October, indicating the U.S. economy is continuing to emerge from the pandemic-induced recession. The... Read Story
November 20, 2020, 08:20 AM

The impact of COVID-19 is becoming evident in the accelerating Chapter 11 filings. The amount of Chapter 11 bankruptcy filings in the third quarter, which are tracked in the newest Polsinelli-TrBK Distress Indices Report, have hit the highest level... Read Story
November 13, 2020, 08:30 AM

In the wake of the COVID-19 pandemic, remote work has gone from being a perk offered by employers to standard operating practice for many companies. A survey of 2,053 U.S. adults conducted in October by The Harris Poll on behalf of the American... Read Story
November 09, 2020, 08:40 AM

COVID-19 will continue to have a major effect on U.S. performance throughout 2020, according to results from the third quarter Phoenix Management “Lending Climate in America” survey results reveal.While lenders seem to believe COVID-19 will have a... Read Story
October 09, 2020, 09:10 AM

The resurgence of the pandemic, restrictions at borders and the absence of business trips will delay recovery for the European lodging sector despite the better-than-expected summer season, Fitch Ratings says in its new report. Room rates as well as... Read Story
October 08, 2020, 09:00 AM

Widespread upward revisions of US corporate sector-level post-lockdown recovery assumptions that would lead to mass rating actions post-2Q20 results are unlikely, given the cautious outlook on the pace of economic activity and sector fundamentals... Read Story
September 28, 2020, 09:05 AM

Companies spent the equivalent of around $15 billion extra a week on technology to enable safe and secure home working during COVID-19, reveals the 2020 Harvey Nash/KPMG CIO Survey. This was one of the biggest surges in technology investment in... Read Story
September 23, 2020, 09:00 AM

Mike Sharkey, President, Fifth Third Business Capital recently announced his retirement following his highly successful career establishing and managing some of the most iconic businesses in the asset-based lending industry. In this exclusive... Read Story
September 22, 2020, 09:30 AM

For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining the tech-savvy workforce needed to make it all happen, according to a new... Read Story
September 17, 2020, 09:00 AM

The Credit Managers’ Index (CMI) from the National Association of Credit Management (NACM) has left pre-pandemic numbers in the dust. The August CMI reached a more than two-year high with a combined score of 56.5.—just better than January 2020 and... Read Story
September 01, 2020, 08:50 AM

Chicago based lender, LQD Business Finance, will be holding a free webinar on August 27, 2020 at 2:00pm CST called,“Protect Your Business Through the Pandemic”. This webinar will reveal important information about managing a business during the COVID... Read Story
August 25, 2020, 08:02 AM

In the immediate wake of COVID-19, Global 2000 companies moved to slash funding for emerging technologies, such as automation, artificial intelligence (AI), blockchain and 5G, according to new KPMG International research. However, many executives are... Read Story
August 17, 2020, 08:50 AM

As the initial shockwaves of the global pandemic subside, middle market sponsors and lenders have proven supportive of their portfolio companies as the financial challenges caused as a result of stay-at-home orders began to crystalize, according to... Read Story
August 13, 2020, 08:45 AM

Umpqua Bank, a West Coast regional bank, released its “Business Resiliency” survey, a nationwide study gauging the impact of the COVID-19 pandemic on the confidence and future of U.S.-based small and mid-size businesses. More than 1,200 leaders at... Read Story
August 13, 2020, 08:30 AM

More than half (58 percent) of small business owners (SBOs) report they expect their revenue to decrease in 2020, even though 47 percent stated they did not have to close for any amount of time during the COVID-19 pandemic, according to results of TD... Read Story
August 05, 2020, 08:00 AM

The continued deterioration in credit quality of issuers due to the coronavirus pandemic resulted in a large number of U.S. middle market (MM) CLOs failing a variety of tests for the first time in 2Q20, according to Fitch Ratings' latest U.S. MM CLO... Read Story
August 04, 2020, 08:55 AM

The COVID-19 pandemic is changing how consumers and businesses interact with financial institutions and new research shows that this trend will likely be permanent.According to the results of Citizens Bank’s inaugural Banking Experience Survey, half... Read Story
July 30, 2020, 08:20 AM

The Federal Reserve Board announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide... Read Story
July 29, 2020, 08:48 AM

Balboa Capital surveyed business owners to find out how many companies switched to remote work models due to the COVID-19 pandemic, and to see how effective the results have been. The survey, which was sent to a sample of small business owners in a... Read Story
July 27, 2020, 07:00 AM

ABL Advisor released a new video interview featuring Kathleen Lepak, Asset Based Lending Business Director, People’s United Business Capital, who discusses the challenges faced by credit underwriting and portfolio management teams in the COVID-19... Read Story
July 15, 2020, 09:00 AM

The economic recovery from the COVID-19 pandemic is likely to face headwinds even if the downside risks do not materialize, and a second wave would magnify that challenge, said Federal Reserve Board Member Lael Brainard, in a recent speech hosted by... Read Story
July 15, 2020, 08:59 AM

Siena Lending Group provided an overview of the financing solutions that Siena and its Siena Healthcare Finance division delivered in Q2 2020.Siena Lending Group closed two deals totalling $25 million for two firms, in the pharmaceuticals and beauty... Read Story
July 14, 2020, 09:00 AM

Bed Bath & Beyond Inc. announced that its Board of Directors approved the planned closure of approximately 200 mostly Bed Bath & Beyond stores over the next two years as part of the Company's real estate optimization program.In an SEC filing the... Read Story
July 13, 2020, 09:05 AM

ABL Advisor released a new video interview featuring Michael Haddad, President, Capital Finance, Sterling National Bank. In this exclusive interview, Haddad discusses how new approaches to working with middle-market borrowers remotely can strengthen... Read Story
July 01, 2020, 08:45 AM

The Federal Reserve Board issued a series of new restrictions on large banks following recent stress tests for 2020 that included additional sensitivity analyses that the Board conducted in light of the coronavirus event.For the third quarter of this... Read Story
June 29, 2020, 08:35 AM

A new global business survey commissioned by Xerox Holdings Corporation shows an estimated 82 percent of the workforce in respondents’ organizations will have returned to the workplace in 12-18 months’ time, on average. In preparation for a return... Read Story
June 22, 2020, 08:00 AM

The coronavirus pandemic is having a leveraging effect on North American corporates due to reduced cash flow and increased debt issuance to shore up liquidity during the outbreak, says Fitch Ratings:"Under our baseline scenario deleveraging to... Read Story
June 19, 2020, 09:15 AM

Banks and independent lenders were enjoying a strong market for asset-based lending (ABL) with solid credit quality in the first quarter before the full impact of the COVID-19 pandemic was felt, according to data released today by the Secured Finance... Read Story
June 12, 2020, 09:10 AM

ABL Advisor released a new video interview featuring Ken Frieze, CEO of Gordon Brothers. In this exclusive interview, Frieze provides his insights into the impact the COVID-19 crisis has had on the asset-based lending community, his outlook for the U... Read Story
June 10, 2020, 09:15 AM

A growing number of suppliers are using their receivables as a source of liquidity to alleviate financial strains in the wake of the coronavirus pandemic, according to Maureen Sullivan, Head of Supply Chain Finance at Mitsubishi UFJ Financial Group... Read Story
June 09, 2020, 09:25 AM

OakNorth, the next-generation credit and monitoring platform provider has announced its signing of a commercial agreement with PNC Bank, an American bank holding company and financial services corporation.Businesses need liquidity to overcome the... Read Story
June 05, 2020, 09:10 AM

Total commercial Chapter 11 filings in May increased 48 percent from the previous year, according to data provided by Epiq Systems, Inc. Commercial Chapter 11 filings totaled 722 in May 2020, elevated from the May 2019 total of 487, the American... Read Story
June 04, 2020, 09:15 AM

Acting Comptroller of the Currency Brian P. Brooks today expressed concerns about the effects of regional and local responses to COVID-19 on the federal banking system. In letters to the National League of Cities, the U.S. Conference of Mayors, and... Read Story
June 03, 2020, 09:31 AM

Negative rating actions across global structured finance (SF) from the coronavirus pandemic will be distributed more broadly and are expected to be less severe in most sectors than experienced by the worst performing areas during the period from 2008... Read Story
May 29, 2020, 09:25 AM

Phoenix American, a full-service fund administration provider for alternative investment funds, has published a new white paper examining the initial impacts of the COVID-19 pandemic crisis on commercial real estate across the United States. CRE &... Read Story
May 29, 2020, 09:15 AM

ABL Advisor released a new video interview featuring Robert Katz, Managing Director, EisnerAmper. In this exclusive interview, Katz discusses the benefits and potentially significant risks for borrowers participating in the Paycheck Protection... Read Story
May 26, 2020, 09:10 AM

The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S. Chamber of Commerce, dramatically decreased by more than 21 points to 88.4 in the second quarter 2020, capturing the severe shocks to the... Read Story
May 22, 2020, 09:10 AM

Hilco Global has issued a timely report on the present state of the craft beer industry, the outlook for existing brewers emerging from the current crisis, and how these  dynamics may create certain opportunities for new entrants to the... Read Story
May 22, 2020, 09:00 AM

From the second-quarter Phoenix Management “Lending Climate in America” survey results reveal COVID-19 has created pessimism in the U.S. economy’s near-term performance.The outlook for the U.S. economy saw a significant decrease in the near-term. The... Read Story
May 20, 2020, 09:10 AM

At the beginning of 2020, small businesses ($100K to less than 10MM in annual sales volume) and middle market companies ($10MM to less than 500MM in annual sales volume) were coming off of a prosperous 2019 with optimistic outlooks about the future.... Read Story
May 15, 2020, 09:20 AM

The outbreak of COVID-19 is both benefiting and challenging the U.S. healthcare industry in ways that will continue to evolve in the coming quarters, according to the Global Healthcare team at Mitsubishi UFJ Financial Group (MUFG).The team issued its... Read Story
May 14, 2020, 09:05 AM

ABL Advisor has released the second installment of a two-part video interview with Ted Koenig, President and CEO of Monroe Capital.In part two of this exclusive video interview, Koenig discusses how in challenging economic times, certain lenders can... Read Story
May 13, 2020, 09:20 AM

Hilco Global has issued a timely and relevant report on how pandemic-driven business closures, consumer purchasing behavior and supply chain dynamics are impacting the retail, production, distribution, and foodservice segments of the food... Read Story
May 13, 2020, 09:15 AM

The coronavirus pandemic is causing sharp economic contraction and a rapid spike in unemployment that will lead to significant performance degradation in U.S. Marketplace Loan (MPL) portfolios and potentially imperil the viability of some MPL... Read Story
May 12, 2020, 08:00 AM

Scott Bernstein, Co-President of advisory firm SB360 Capital Partners, released the following assessment of the impact of the Coronaviris on the retail sector:As states begin to slowly lift stay at home directives, each consumer will make their own... Read Story
May 11, 2020, 08:55 AM

GGI Holdings, LLC and its affiliates, parent company of Gold’s Gym, filed voluntary petitions for relief under Chapter 11 in an effort to facilitate the financial restructuring of the company.In a statement the company said the pre-negotiated filing... Read Story
May 11, 2020, 08:30 AM

The Libor-OIS spread, a closely watched metric showing stress in the interbank lending market, has returned to pre-crisis levels as financial markets' coronavirus-related anxiety dissipates.The spread measures the difference between the three-month... Read Story
May 07, 2020, 09:00 AM

The coronavirus-triggered downturn is pushing default rates higher and is also affecting the bankruptcy procedures used to address such credit defaults, according to Fitch Ratings.Several recent debtors have had their bankruptcy cases derailed as... Read Story
May 06, 2020, 09:16 AM

Gordon Brothers, the global advisory, restructuring and investment firm, has released an article providing a perspective on the economic impacts of the coronavirus, available here.The coronavirus pandemic and the spread of COVID-19 is bringing the... Read Story
May 06, 2020, 09:10 AM

Indicative of how online auctions can be an effective and safe way to market select commercial and industrial assets during the COVID-19 pandemic, Tiger Group reported that it attained new highs in the numbers of bidders during two sales it held in... Read Story
May 05, 2020, 08:50 AM

Legal experts say COVID-19 related business bankruptcy filing in the state of Delaware will likely outpace those seen during the Great Recession of 2008-2009, as the first cases begin to land in front of judges.According to a report from Delaware... Read Story
May 01, 2020, 09:05 AM

ABL Advisor has launched a new video series featuring exclusive interviews with highly respected leaders from various disciplines of commercial finance, allowing them to share their professional and personal insights into the impact the coronavirus... Read Story
April 29, 2020, 09:00 AM

COVID-19 raises the risk that hard-hit retailers will enter landlord negotiations with faulty or incomplete information about their own stores, leases and co-tenants, warns  Peter Wilson, a Managing Director at A&G Real Estate Partners, in an Expert... Read Story
April 24, 2020, 09:00 AM

The U.S. Senate passed the Paycheck Protection Program and Health Care Enhancement Act, also known as the “COVID-19 3.5” relief package. The $484 billion package, which was originally designed to only be a $250 billion stopgap measure, is the second... Read Story
April 22, 2020, 09:05 AM

Fitch Ratings expects U.S. CMBS loan delinquencies to approach peak levels, with hotel and retail expected to have the highest delinquency rates.Although the delinquency rate has been steadily declining, and was 1.31% as of March 2020, it will now... Read Story
April 20, 2020, 09:15 AM

LQD Business Finance closed on a $2.0M asset-based line of credit with a clinical laboratory, regionally located in the southeast part of the nation. Even amid the COVID-19 related social distancing, the LQD Finance team was able to fully underwrite... Read Story
April 20, 2020, 08:00 AM

After posting a dismal earnings report, with a 45% drop in profits for the first quarter, Bank of America announced it will set aside $3.6 billion to cover delinquent loans in the quarter.JPMorgan Chase and Wells Fargo have taken similar actions.... Read Story
April 16, 2020, 09:16 AM

The full impact of the coronavirus outbreak, and its expected lengthy, economically painful aftermath, are impossible to predict. Fitch Ratings' corporate group has collated a series of assumptions for 2021 that convey Fitch's current estimate of the... Read Story
April 16, 2020, 09:15 AM

In perhaps the last snapshot of the secured finance industry before the onset of the COVID-19 pandemic, banks and independent lenders reported that asset-based lending to U.S. businesses increased steadily and credit quality remained strong in the... Read Story
April 15, 2020, 09:05 AM

Gordon Brothers announced the launch of its Industry Brief, which can be found on the COVID-19 Resource Hub at  Gordon Brothers’ Industry Brief gives an up-to-the-minute assessment of what the firm’s inventory... Read Story
April 14, 2020, 09:55 AM

The lasting impact of the COVID-19 pandemic on the U.S. coal sector became clearer last week, with declining demand and potential contract disputes for the broader mining community on the horizon, according to a briefing paper published by S&P Global... Read Story
April 13, 2020, 09:30 AM

Pace Industries, LLC announced that it has reached an agreement with its senior secured lenders on the terms of a comprehensive financial restructuring plan, which will deleverage the Company's balance sheet. This agreement has support from 100% of... Read Story
April 13, 2020, 09:15 AM

Balboa Capital announced its latest survey that analyzes the current impact of the novel coronavirus (COVID-19) outbreak on small businesses in the United States. The survey reveals that 88 percent of small businesses are being impacted by the... Read Story
April 10, 2020, 09:00 AM

Hilco Global has issued a timely perspective specific to OREO asset managers and their teams nationwide, to assist in productively guiding their early and ongoing actions through the very challenging economic upheaval associated with the COVID-19... Read Story
April 09, 2020, 08:55 AM

otal Commercial Chapter 11 bankruptcy filings for the first calendar quarter of 2020 increased 14 percent from the same period last year, according to data provided by Epiq Systems, Inc. The 1,709 total commercial Chapter 11s from Jan. 1 through... Read Story
April 07, 2020, 08:55 AM

More than a week after Congress approved the largest fiscal stimulus in U.S. history, many companies still don't know if it will provide the financial lifeline they need to stay afloat, writes S&P Global Market Intelligence.Since the legislation... Read Story
April 06, 2020, 09:30 AM

CIT Group Inc. has provided critical financing for its client Aria Designs to help it procure millions of advanced N95 surgical masks that will protect medical professionals battling the COVID-19 pandemic.Aria Designs, a North Carolina-based... Read Story
April 02, 2020, 07:59 AM

From the first quarter Phoenix Management “Lending Climate in America” survey results, which was conducted in late February, reveal the coronavirus and other factors will be leading economic driver in 2020.Lenders were asked to identify what they... Read Story
April 01, 2020, 09:25 AM

The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment, Reuters... Read Story
March 26, 2020, 09:30 AM

Ares Capital Corporation announced that it issued an open letter to its stakeholders regarding a business update amid the coronavirus pandemic.The full text of the letter follows:Dear Stakeholder,With the global outbreak of COVID-19, we are making... Read Story
March 26, 2020, 09:20 AM

Hilco Global has issued a series of short- and mid-term strategic recommendations to assist lenders with current portfolio exposure in the retail market to take appropriate and informed action during the near-term fallout of the current COVID-19... Read Story
March 25, 2020, 09:05 AM

The impact on supply chains has been widespread with autos, electronics, capital goods, commodities and apparel sectors experiencing slowdown in sales and availability of parts in their supply chains, according to the latest research by Panjiva, the... Read Story
March 24, 2020, 09:00 AM