The Wall Street Journal reported that global banking regulators urged the G-20 to call the U.S. and EU to account for shortcomings in their implementation of new rules aimed at making the financial system safer.
Polycom, a unified communications and collaboration provider, said it is working with Macquarie Equipment Finance and GE Capital to offer access to funding on a global basis.
Coal producer Xinergy said it has secured a $20 financing commitment from affiliates of Bayside Capital. In consideration for the financing, Xinergy said it has agreed to issue warrants to the lenders.
Bloomberg reported that UBS and Royal Bank of Scotland suspended more than three traders in Singapore as regulators investigating LIBOR-rigging turn their attention to the rates used to set prices on foreign exchange derivatives.
Reuters reported that BofA employees could face civil fraud charges as part of a federal lawsuit accusing the bank of causing taxpayers more than $1 billion in losses by selling toxic mortgage loans to Fannie Mae and Freddie Mac.
Wynnchurch Capital said it has partnered with management to make an equity investment in Loadmaster Derrick & Equipment, a provider of onshore and offshore drilling equipment.
Concord Financial Advisors closed an $11.1 million senior secured credit facility for a private equity owned, aftermarket automotive condenser and coil manufacturer. The credit facility was comprised of a $10 million revolving line of credit, $376,000 M&E term loan and a $724,000 over advance.
GE Capital has released the findings of its latest semi-annual Middle Market CFO Survey. In general, CFOs in the healthcare industry have grown significantly more optimistic about their industry and the overall economy since the last issuance of the survey (Q1/12).
Cole Taylor Business Capital said it has surpassed $1 billion in loan commitments, funding more than 140 deals across the United States since its launch in 2008.
Bloomberg noted in an article that PNC Financial’s CEO Jim Rohr has the longest tenure and best performing stock among a roster of 17 financial institutions.