Category: Activity

October 16, 2019

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 […]

October 15, 2019

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 […]

October 15, 2019

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 […]

October 10, 2019

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 […]

October 8, 2019

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 […]

October 3, 2019

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 […]

October 2, 2019

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 […]

September 30, 2019

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 […]

September 26, 2019

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 […]

September 25, 2019

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 […]