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Category: Credit


Capital and risk, Credit

Fiserv signs five more credit unions to DNA

December 7, 2017

Via: Finextra

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that five credit unions, with assets between $400M and $2.7B, will leverage core account processing and additional solutions from Fiserv to enhance their ability to […]


Capital and risk, Credit

Wells Fargo Agents $1.5B Facility for Bloomin’ Brands

December 6, 2017

Via: ABF Journal

Casual fast food operator Bloomin’ Brands completed a senior secured financing of up to $1.5 billion, consisting of a $500 million term loan A and a $1 billion revolving credit facility. According to a related 8-K filing, Wells Fargo served […]


Capital and risk, Credit

10 Surprising Reasons Why More Americans Have Credit Card Debt

December 1, 2017

Via: GOBankingRates

When used responsibly, credit cards are a useful addition to your wallet. They’re not only safer than cash, they can also build your credit rating. And some cards include a rewards program, helping you save money on future purchases. But […]


Capital and risk, Credit

This Is the Most Popular Type of Credit Card Among Americans

November 29, 2017

Via: GOBankingRates

Nearly 200 million Americans have credit cards, according to Statistic Brain Research Institute. How people use them and what kinds of cards they use vary, however. GOBankingRates surveyed more than 2,000 Americans about their credit card behaviors and preferences, asking […]


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 […]


Capital and risk, Credit

Chase Business Credit Card Comparison: Which Has the Best Rewards?

November 27, 2017

Via: GOBankingRates

Although it’s true you can’t avoid business expenses, that doesn’t mean you shouldn’t get rewarded for spending money. One way to get more bang for your business buck is to consider Chase credit — specifically a Chase rewards card — […]


Capital and risk, Credit

Fintechs Have a Larger Share of Personal Loans than Banks or Credit Unions

November 27, 2017

Via: Bank Innovation

Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few years. The report, called Fact versus Fiction: FinTech […]


Activity, Capital and risk, Credit, Investment banking

Apollo Global, Midcap Finance Support SK Capital Acquisition

November 21, 2017

Via: ABF Journal

SK Capital, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, completed its acquisition of Perrigo’s active pharmaceutical ingredients(API) and renamed it Wavelength Pharmaceuticals. Wavelength is a developer and manufacturer of generic APIs and finished dose […]


Capital and risk, Credit

U.S. Bank Agents New $240MM Facility for Beasley Broadcast

November 20, 2017

Via: ABF Journal

Beasley Broadcast entered into a new credit agreement for a $225 million term loan B and a $20 million revolving credit facility. According to a related 8-K filing, proceeds from new credit facilities were primarily used to repay old credit […]


Capital and risk, Credit

7 Ways You Could Accidentally Set Off Your Own Fraud Alert

November 20, 2017

Via: GOBankingRates

With hacks at credit reporting agencies, corporate data breach scandals and a constant influx of new phishing scams, banks and other scams, credit card issuers are becoming increasingly vigilant about fraud — for good reason. Fraud is on the rise, […]