loans

Investment Banks Seek to Win Back Private Credit Loans
Investment Banks Seek to Win Back Private Credit Loans
January 22, 2024  |  Loans

Investment banks are reportedly trying to win back leveraged finance deals from the private credit space. Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks...

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Synchrony to Acquire Ally Financial’s POS Financing Arm
Synchrony to Acquire Ally Financial’s POS Financing Arm
January 19, 2024  |  Acquisitions

Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally’s point-of-sale financing business.  This acquisition includes $2.2 billion of loan receivables and relationships with...

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Regions Financial Sees Soft Loan Demand Due to Cautious Customers
Regions Financial Sees Soft Loan Demand Due to Cautious Customers
January 19, 2024  |  Earnings

Regions Financial saw loan demand remain soft in the fourth quarter as customers continued to be cautious. Average and ending loans decreased “modestly” compared to the...

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85% of CFOs Use Working Capital to Safeguard Businesses From Macroeconomic Shifts
85% of CFOs Use Working Capital to Safeguard Businesses From Macroeconomic Shifts
January 19, 2024  |  Loans

The adoption of working capital solutions has seen a rise among growth corporates, commonly referred to as middle-market firms, in North America. Their popularity stems...

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Kashable Raises $25.6 Million for Employer-Based Lending Tool
Kashable Raises $25.6 Million for Employer-Based Lending Tool
January 18, 2024  |  Investments

FinTech platform Kashable has raised $25.6 million to expand its employer-based lending program. The Series B funding will help the company develop new financial wellness services and...

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Citi and LuminArx Team to Issue Private Credit
Citi and LuminArx Team to Issue Private Credit
January 18, 2024  |  Loans

Citi and LuminArx have introduced a financing tool for the private lending market. Cinergy, launched Thursday (Jan. 18) by the banking giant and the investment manager, will...

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KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs 
KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs 
January 18, 2024  |  Banking

KeyCorp saw net loan charge-offs rise during the fourth quarter, driven by real estate, healthcare and consumer goods.  They rose to $76 million during the quarter,...

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Discover’s Card Delinquency Rate Rises to 3.9% After ‘Strong’ Holiday Season
Discover’s Card Delinquency Rate Rises to 3.9% After ‘Strong’ Holiday Season
January 18, 2024  |  Earnings

Discover Financial Service’s earnings, released Wednesday (Jan. 17), showed growth in card loans and rising delinquency rates. Chief Financial Officer John Greene noted on a...

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AI Poised to Drive Small Business Lending Decisions
AI Poised to Drive Small Business Lending Decisions
January 17, 2024  |  SMBs

Small- to medium-sized businesses (SMBs) are, by definition, firms with the most potential to grow. But, somewhat counterintuitively, SMBs also represent a category most likely...

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