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Category: Corporate banking


Activity, Corporate banking

PNC Leads $230MM Facility for Motorcar Parts of America

June 8, 2018

Via: ABF Journal

PNC Bank led a new five-year, $230 million credit facility for Motorcar Parts of America. The facility includes a $200 million revolver and $30 million term loan and replaces a previous credit facility consisting of a $120 million revolver and […]


Activity, Corporate banking

Wells Fargo to Sell 52 Retail Branches to Flagstar

June 6, 2018

Via: ABF Journal

Wells Fargo agreed to sell 52 retail bank branches in Indiana, Michigan, Ohio and Wisconsin to Flagstar Bank. The sale is part of Wells Fargo’s plan to reduce its retail locations to approximately 5,000 branches by the end of 2020, […]


Activity, Corporate banking

U.S. Bancorp quarterly profit rises 13.7 pct

April 18, 2018

Via: Yahoo

April 18 (Reuters) – Regional lender U.S. Bancorp reported a 13.7 percent rise in quarterly profit on Wednesday, driven by higher interest income and lower taxes. Net income attributable to the bank rose to $1.68 billion, or 96 cents per […]


Activity, Corporate banking

Goldman Sachs Profit Soars 26% on Trading Rebound as Markets Awake

April 17, 2018

Via: TheStreet

Goldman Sachs Group Inc. (GS) , the Wall Street firm, said first-quarter profit surged 26% as price swings returned to global markets following an unusually calm 2017, reviving client activity and boosting stock-trading revenue. Net income rose to $2.83 billion […]


Activity, Corporate banking

Peoples Acquires ASB Financial

April 16, 2018

Via: ABF Journal

Peoples Bancorp, parent company of Peoples Bank, completed its previously announced acquisition of ASB Financial and its subsidiary, American Savings Bank. The acquisition became effective as of the close of business on April 13, 2018, in a cash and stock […]


Activity, Corporate banking

Bank of America Profit Rises 30% on Tax Cuts, Interest Rates

April 16, 2018

Via: TheStreet

Bank of America Corp. (BAC) , the giant U.S. bank, said first-quarter profit surged 30% as taxes decreased following President Donald Trump’s cuts in the corporate rate, while higher interest rates boosted lending revenue. Bank of America’s net income rose […]


Activity, Corporate banking

Wells Fargo will merge corporate and investment banks

April 6, 2018

Via: Market Watch

Wells Fargo & Co. WFC, -1.18% is planning to further integrate its corporate and investment banks in an effort to reduce costs and better serve its clients, people familiar with the matter said. The bank’s plans, which could lead to […]


Activity, Corporate banking, Regulations

Wells Fargo Director Hernandez to Exit After Scandal, Maintains Side Deals

March 28, 2018

Via: TheStreet

Wells Fargo & Co. (WFC) director Enrique Hernandez Jr. will step down from the company’s board in April, following the costliest scandal in the U.S. bank’s corporate history and an order by the Federal Reserve to improve risk-management and oversight. […]


Activity, Corporate banking

Deutsche Bank’s 2017 Bonuses Near $3 Billion Despite Share Price Slump

March 16, 2018

Via: TheStreet

Deutsche Bank (DB) said Friday it awarded nearly $3 billion in employee bonuses last year, despite a 23% fall in the lender’s stock price and the third consecutive net loss, risking the ire of investors who have been waiting for […]


Activity, Corporate banking

JPMorgan, Others Arrange Kraton Term Loan Refi

March 13, 2018

Via: ABF Journal

Kraton Corporation amended its existing senior secured term loan facility. JP Morgan, Deutsche Bank and Credit Suisse acted as joint lead arrangers and joint bookrunners on the transaction. The amendment, among other things, included: Increased borrowing under the Euro-denominated tranche […]