Category: Capital and risk

Activity, Capital and risk, Macroeconomic, Trading

Chances of a fourth rate hike this year just took a big jump higher

April 23, 2018


The market is finally coming around to the idea that the Federal Reserve this year will be raising interest rates a total of four times. Though some big forecasting firms on Wall Street for months have been predicting a more […]

Capital and risk, Operational

Acquire or Be Acquired Perspectives: One True Thing About Banking and Finance

April 20, 2018

Via: Bank Director

If you have seen as many cycles in the bank industry as Eugene Ludwig, founder and CEO of Promontory Financial Group and a former comptroller of the currency, you know the time to be most vigilant is not when things […]

Capital and risk, Macroeconomic

U.S. Economy Added 103,000 Jobs in March, Missing Projections

April 6, 2018

Via: TheStreet

The U.S. economy added 103,000 jobs last month, missing expectations, the Labor Department said Friday. The gains fell short of economists’ estimates of a 185,000 increase in non-farm payrolls in March. Investors have scrutinized recent employment reports for clues on […]

Capital and risk, Credit

JPMorgan Upsizes Ares Capital Facility to $2.1B

April 5, 2018

Via: ABF Journal

Ares Capital amended its senior secured credit facility, extending the expiration period of the $1.6 billion revolver and the maturity date of the loan to March 30, 2022 and increasing the size to $2.1 billion. According to a related 8-K […]

Activity, Capital and risk, Credit, Insurance

Alaska Law on Credit-Based Scoring Backed by Insurers Group

April 4, 2018

Via: Insurance Journal

A new credit-based scoring law brings Alaska into line with the rest of the nation, and the Property Casualty Insurers Association of America is applauding the state for that. Alaska Gov. Bill Walker and the Alaska Legislature approved HB 195, […]

Capital and risk, Credit

Wells Fargo Upsizes Power Solutions ABL Revolver to $75MM

March 30, 2018

Via: ABF Journal

Wells Fargo amended the existing asset based revolving credit facility of Power Solutions International, a designer, engineer and manufacturer of emissions-certified, alternative-fuel power systems. The amendment extends the maturity of the facility to March 31, 2021, subject to certain terms, […]

Capital and risk, Macroeconomic

Look out below as stock market bulls turn bearish

March 30, 2018

Via: Market Watch

The U.S. stock market is overvalued by many different measures. I recently shared Dave Rosenberg’s thoughts on the subject. Rosenberg broke down the S&P 500 Index SPX, +1.38% using four valuation metrics, observing that only 8% of the time in […]

Capital and risk, Credit

JPMorgan Agents $700MM Facility for Iron Mountain

March 28, 2018

Via: ABF Journal

Iron Mountain, a storage and information management services company, closed on a $700 million syndicated term loan B facility, which matures in January 2026 and bears interest at LIBOR + 1.75%. The proceeds will be used to repay amounts outstanding […]

Capital and risk, Credit

BofA Launches SMB Loyalty Program to Help Grow Account Balances

March 27, 2018

Via: Bank Innovation

Bank of America is opening a loyalty program for its small business clients, with the focus on growing a client’s account balance through the presence of rewards. The program, which was announced by the bank yesterday, will allow SMBs with […]

Capital and risk, Liquidity

Digital currency “inevitable”—Bank of China

March 23, 2018

Via: Finextra

The introduction of digital currency is “inevitable”, according to the outgoing governor of the People’s Bank of China, who nevertheless stresses that any progress on the issue will be carried out in a “steady and orderly fashion”. Last September China […]