Bloomberg: Bank Leumi to Pay $400MM in U.S. Tax Probes
Bloomberg reported Bank Leumi Le-Israel agreed to pay $400 million and admit it helped American clients evade taxes for a decade.
Bloomberg reported Bank Leumi Le-Israel agreed to pay $400 million and admit it helped American clients evade taxes for a decade.
Reuters reported Caesars Entertainment said more than 39% of senior bondholders backed a restructuring plan, bringing it closer to a key level of creditor support.
LabCorp has entered into a new term loan credit facility with Bank of America acting as the administrative agent. The facility can be used to pay all or part of LabCorp’s $6.1 billion acquisition of Covance.
United Financial Bancorp announced that Scott C. Bechtle, chief risk officer is leaving the bank and will be replaced by newly appointed CRO, Elizabeth Kenney Wynnick, its current EVP and director of Internal Audit.
In a recent report, CFO notes from the point of view of CFOs at public companies, the issue of what and how much to reveal in financial statement has become a game of chicken leading to “disclosure overload.”
The IT Business Edge displays GE Capital International CIO Kevin Griffin’s slideshow on how the role of the CIO has evolved. It notes that the CIO’s ability to adapt and play a major role in partner and customer relations is a top priority for success.
According to Bloomberg, U.S. companies are forecast to cross the Atlantic to raise funds in euros at the fastest pace in at least eight years in 2015 as borrowing costs in Europe fall below dollar rates by the most in a decade.
Energy management provider, Bright Power announced it has received a $5 million strategic financing commitment from WindSail Capital Group.
Turtle Beach announced it has entered into an amendment to its loan agreement with Bank of America that will allow the company to repay $7.7 million of existing subordinated debtor.
The M&A Advisor announced the winners of the 9th Annual M&A Advisor Turnaround Awards, to be presented at the Awards Gala on Monday, February 23 at the Colony Hotel, Palm Beach, FL.