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...
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...
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...
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...
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...
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...
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,...
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...
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...