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Category: Activity


Activity, Trading

Bank of America shares rise after lender posts better-than-expected profit on retail operations

October 16, 2019

Via: CNBC

Bank of America beat analysts’ estimates for third-quarter profit and revenue as its consumer and advisory businesses offset a slump in trading. The bank said Wednesday that net income excluding an impairment charge rose 4% to $7.5 billion, or an […]


Activity, Trading

Citigroup earnings beat on better-than-expected trading results

October 15, 2019

Via: CNBC

Citigroup on Tuesday reported third-quarter earnings and revenue that topped projections as stronger-than-expected trading results made up for weaker lending margins. Here’s how the bank fared compared to Wall Street expectations: Earnings: $1.97 per share vs $1.95 per share expected […]


Activity, Corporate Banking

JPMorgan Chase Agents $1.35B in Facilities for MSG Networks

October 15, 2019

Via: ABF Journal

MSGN Holdings, an indirect wholly owned subsidiary of MSG Networks, entered into an amended and restated credit agreement with JPMorgan Chase Bank as administrative agent and the lenders party thereto. The credit agreement amends and restates MSGN Holdings’ prior credit […]


Activity, Corporate Banking

Jefferies Agents $525MM Term Loan for Virtu Financial

October 10, 2019

Via: ABF Journal

Subsidiaries of Virtu Financial closed their previously announced incremental $525 million senior secured first lien term loan. The term loan bears interest at the same rate as its existing term loan, currently LIBOR plus 350 basis points, and will mature […]


Activity, Trading

Trade war could cost global economy $700 billion by 2020, new IMF chief says

October 8, 2019

Via: Market Watch

The trade war between the U.S. and China could mean the loss of around $700 billion for the global economy by 2020, the new head of the International Monetary Fund said Tuesday. “Everyone loses in a trade war,” said Kristalina […]


Activity, Trading

Dow tumbles another 250 points after data show slowing U.S. services sector

October 3, 2019

Via: Market Watch

U.S. stocks fell sharply Thursday morning after a report on the U.S. services sector showed it growing at a slower pace than at any point since 2016, following a report on manufacturing earlier this week that showed it contracting for […]


Activity, Corporate Banking

U.S. Bank Joins the U.S. Department of Treasury’s Bureau of the Fiscal Service Mentor-Protégé Program

October 2, 2019

Via: Yahoo

U.S. Bank will mentor First Independence Bank, a minority-owned community bank in Detroit, Mich., as part of the Bureau of the Fiscal Service Mentor-Protégé Program sponsored by the U.S. Department of Treasury. During the three-year commitment, U.S. Bank will provide […]


Activity, Corporate Banking

JPMorgan Chase Agents $275MM Funding to Support Forever 21 Restructuring

September 30, 2019

Via: ABF Journal

Fashion retailer Forever 21 and its U.S. subsidiaries have commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. The company’s Canadian subsidiary filed for and was granted protection under the Companies’ Creditors Arrangement […]


Activity, Capital and Risk, Investment Banking, Operational

U.S. Bank Invests $8.2 Million in Community Possible Grants Focused on Workforce Readiness, Small Business and Financial Wellness

September 26, 2019

Via: Yahoo

Through its Community Possible giving and engagement platform, focused on the areas of Work, Home and Play, U.S. Bank announces $8.2 million in Work grant investments. Funding supports several nonprofits across the country focused on workforce readiness, small business growth […]


Activity, Insurance

World Insurance Associates Acquires Maryland’s American Insurance Marketing

September 25, 2019

Via: Insurance Journal

World Insurance Associates LLC (WIA) acquired American Insurance Marketing Corp. (AIMC) of Prince Frederick, Md., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1976, AIMC provides quality protection for thousands of individuals, families, businesses and […]