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Category: Activity


Activity, Insurance

Alliant Insurance Services Hires Spofford as Vice President in New York

August 22, 2019

Via: Insurance Journal

Alliant is continuing to grow its presence in Albany, N.Y., with the addition of Vice President Chris Spofford. The property and casualty specialist will leverage his regional expertise and technical background to deliver a range of insurance and risk management […]


Activity, Investment Banking

Goldman says buy dividend stocks amid diving yields

August 19, 2019

Via: CNBC

In a falling rate environment, Goldman Sachs is advising clients to buy high-dividend payers, which it says are trading at their cheapest levels in nearly 40 years relative to stocks with low yields. “With the 10-year Treasury yield at just […]


Activity, Corporate Banking

Wells Fargo Agents $5.5B Facility for DaVita

August 19, 2019

Via: ABF Journal

DaVita has entered into a new $5.5 billion senior secured credit agreement with Wells Fargo Bank as administrative and collateral agent. The new credit agreement consists of a five-year secured revolving loan facility in an aggregate amount of $1 billion, […]


Activity, Corporate Banking

Barclays ends landmark crypto partnership with Coinbase

August 16, 2019

Via: Banking Technology

For Coinbase, the loss means it no longer has access to the UK Faster Payments Scheme (FPS), which allows customers to instantly withdraw and deposit sterling on its platform. The crypto exchange is now looking to replace Barclays with UK […]


Activity, Insurance

Bill to Pool Small Businesses for Insurance Gets Final Approval in North Carolina

August 15, 2019

Via: Insurance Journal

A way for North Carolina small businesses and sole proprietorships to join together and obtain more affordable individual health insurance is heading to Governor Roy Cooper’s desk after the measure received final legislative approval. The Senate voted 32-9 on Tuesday […]


Activity, Trading

Trump tariff delay is a nod to the U.S. consumer — the only engine powering the global economy

August 15, 2019

Via: Market Watch

The Trump Administration gave markets an early Christmas present, when it announced Tuesday that it will delay planned tariffs on a subset of the $300 billion in imports that had been announced Aug 1. While the news caused stock markets […]


Activity, Investment Banking

Warren Buffett is a big fan of bank stocks — to the tune of $100 billion

August 14, 2019

Via: Market Watch

Warren Buffett’s Berkshire Hathaway Inc. holds nearly $100 billion in financial-services stocks, underscoring the size of the billionaire investor’s ongoing bet on the future of the U.S. economy. Berkshire’s position has built up over years and includes banks, payment companies, […]


Activity, Corporate Banking

BofML, Citi, Others Provide New $325MM Revolver for Vivint Solar

August 8, 2019

Via: ABF Journal

Vivint Solar closed a $325 million revolving warehouse facility, which refinanced the aggregation credit facility that was set to mature in 2020 The new warehouse reduces the cost of debt by 87.5 basis points and materially increases the amount of […]


Activity, Investment Banking

China trade fight seen dragging on through 2020 in threat to economy, Trump reelection

August 7, 2019

Via: Market Watch financial

The White House’s escalating trade fight with China is increasingly likely to drag on through the 2020 election, handicapping the U.S. economy and potentially endangering President Trump’s re-election. Strategists and economists say the U.S. and China appear further away than […]


Activity, Corporate Banking

BofA terminates First Data partnership/JPM Chase closes collaboration with OnDeck

July 31, 2019

Via: Finextra

The news came within hours of Fiserv acquiring control of First Data, sending its shares downward. BofA says it expects to incur an impairment charge of about $1.7 billion to $2.1 billion in Q3 2019 due to the termination of […]