Category: Activity

Activity, Trading

Gold churns at 5-month lows ahead of expected Fed rate hike

December 12, 2017

Via: Market Watch

Gold prices wavered again on Tuesday, holding ground at a more than five-month low in cautious trading ahead of the Wednesday Federal Reserve decision on interest rates and hints on the course for policy in 2018. Gold slipped even as […]

Activity, Trading

Bitcoin traders ought to know these three support levels

December 11, 2017

Via: Market Watch

Regardless of what I think about the underlying instrument, bitcoin became “official” over the weekend as its futures are now being traded on a regulated exchange. Because of that, and given widespread interest, it deserves our attention — at least […]

Activity, Trading

Currencies: Dollar sees choppy trade after payrolls data

December 8, 2017

Via: Market Watch

The U.S. dollar saw volatile trading after the release of nonfarm payroll data, which beat consensus estimates, while average hourly wage data disappointed. What are currencies doing? The ICE U.S. Dollar Index DXY, +0.28% was last up 0.2% at 93.950. […]

Activity, Trading

Bull Market Heading for Major Correction in 2018, Bank of America Says

December 6, 2017

Via: TheStreet

Bank of America Corp. (BAC) says signs are growing that the eight-year-old bull market in stocks and risky assets could soon come to an end. And, as with all late-stage bull markets, the trick for investors is in getting the […]

Activity, Corporate banking

Independent Bank to Acquire Traverse City State Bank

December 5, 2017

Via: ABF Journal

Independent Bank signed a definitive merger agreement to acquire TCSB Bancorp, the parent company of Traverse City State Bank. Both boards of directors unanimously approved the agreement. Under the merger terms, TCSB shareholders will receive 1.1166 shares of IBCP common […]

Activity, Insurance

USI Completes Acquisition of Wells Fargo Commercial Insurance Business

December 4, 2017

Via: Insurance Journal

USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA (WFIS), formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and consulting, employee benefits and property/casualty insurance national practices of […]

Activity, Trading

CBOE beats rival CME to punch for bitcoin futures trading

December 4, 2017

Via: Finextra

Monday, December 11, will be the first full day of trading, and trading will be free[1] through December. Cboe’s bitcoin futures will trade on CFE under the ticker symbol ‘XBT.’ XBTSM futures are cash-settled contracts based on Gemini’s auction price […]

Activity, Capital and risk, Liquidity, Trading

CME to launch bitcoin futures in three weeks after green light from regulator; bitcoin jumps

December 1, 2017


CME announced Friday its new bitcoin futures contract will be available for trading on Dec.18. The CME announcement came as the Commodity Futures Trading Commission said it will allow the world’s largest futures exchange and its competitor, the Cboe Futures […]

Activity, Investment banking

Gordon Brothers Finance Agents $25MM Term Loan for Rivet

November 30, 2017

Via: ABF Journal

Australian transportation and logistics company Rivet obtained a financing package, including a term loan from Boston-based Gordon Brothers Finance Company and Gordon Brothers, which refinanced existing facilities and facilitated the ownership transfer and expansion of its business. Rivet CEO Mark […]

Activity, Capital and risk, Corporate banking, Credit

JPMorgan Agents $273MM Facility for Progress Software

November 28, 2017

Via: ABF Journal

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as administrative agent, sole bookrunner and sole lead […]