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Category: Credit


Capital and risk, Credit

Wait! Don’t destroy those old credit cards yet

June 8, 2018

Via: Market Watch

You know that “starter” credit card collecting dust in your wallet? The one with a high interest rate, lackluster benefits, and zero rewards? Now that you’ve upgraded to a better card, you might be tempted to close your old cards […]


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, 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, Credit

JPMorgan Amends Cedar Fair Credit Facility

March 15, 2018

Via: ABF Journal

Cedar Fair Entertainment amended the borrowing rate of its $735 million term loan B credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as both administrative and collateral agent on the transaction. The overall borrowing rate was […]


Capital and risk, Credit

Credit expansion is the real cause of booms and busts

March 8, 2018

Via: Market Watch

CHICAGO (Project Syndicate) — Every major financial crisis leaves a unique footprint. Just as banking crises throughout the 19th and 20th centuries revealed the importance of financial-sector liquidity and lenders of last resort, the Great Depression underscored the necessity of […]


Capital and risk, Credit, Products, Retail banking

These are the 25 cities where people have the most credit card debt

March 6, 2018

Via: Market Watch

Credit card debt. It seems to be an inevitable part of life for many Americans. And, recent data suggests that it really is. According to the Federal Reserve, American credit card debt hit a record high in 2017, rising to […]


Capital and risk, Credit

5 tricks you can use to improve your credit score

March 1, 2018

Via: Market Watch

You don’t have to be a credit expert to know that tactics like keeping your debt low and paying bills on time are proven ways to improve your FICO score. But they aren’t the only ways to see a spike. […]