Oak Street Funding announced it increased its lending capacity with DZ BANK AG (Deutsche Bank Zentral-Genossenshaftsbank) to $125 million.
Bloomberg reported that Intermediate Capital Group and Nomura Holdings agreed to set up a mezzanine debt fund in Japan, citing increased demand as the world’s third-largest economy recovers.
NewPage Holdings announced that it will indefinitely idle its No. 12 paper machine in Rumford, ME by mid-February 2014
The U.S. Justice Department announced a $13 billion settlement with JPMorgan to resolve claims arising out of the packaging, marketing, sale and issuance of RMBS by JPMorgan, Bear Stearns and Washington Mutual.
According to risk report released by The Boston Consulting Group, global banking has diverged into a “three-speed world,” and ongoing reforms are now a “barrier banks must breach,” requiring a strategy of prioritizing and executing against current and evolving rules.
Fitch Ratings said GE’s intention to pursue an IPO of its North American Retail Finance business is not likely to impact existing GE Capital Credit Card Master Note Trust (GEMNT) ratings.
Business development companies are increasingly turning to venture lending for additional investment opportunities and enhanced yields, according to Fitch Ratings.
FinSoft released AssetReader 2014 to optimize the code logic with a modern programming language that takes advantage of both 32 or 64 bit processors and all available cores on the CPU.
RMG Networks Holding announced it completed a second amendment to its senior credit facility with Comvest Capital and repaid all but $8 million of its existing debt.
Reuters reported that JPMorgan Chase said it agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market.