ACG: Women of Leadership Summit to Feature Fashion Maven
Nanette Lepore, who turned a $5,000 stake into a thriving fashion company, will be the featured speaker at ACG New York’s Women of Leadership Summit on Jan. 23.
Nanette Lepore, who turned a $5,000 stake into a thriving fashion company, will be the featured speaker at ACG New York’s Women of Leadership Summit on Jan. 23.
Summer Street Capital Partners announced its portfolio company secured a mezzanine investment from F.N.B. Capital Partners.
The Institute for Supply Management said activity in the manufacturing sector registered its second highest level for 2013 in December.
The Independent Community Bankers of America said it remains deeply concerned with Volcker Rule provisions requiring banks to permanently write down their holdings of collateralized debt obligations backed by trust-preferred securities.
The latest results of small business trends prepared by PayNet registers another increase for small business investment. At the same time, small businesses exhibited a slight increase in delinquent payment of loans and leases.
Festival Transaction Services (FTS) announced it closed an $8.5 million investment led by Reverence Capital Partners.
Fitch Ratings said it projects that the U.S. high yield default rate will remain in a range of 1.5%-2.0% in 2014. Fitch said the key pillars of a low default rate environment – credit availability and good corporate fundamentals – “remain steady.”
A lack of holiday sales has contributed to a drop in the Credit Managers’ Index from the National Association of Credit Management. The economy could be looking at a slowdown in Q1/14, the NACM said.
Fannie Mae said it has reached a $591 million agreement with Wells Fargo to resolve repurchase requests on certain loans originated prior to 2009.
The ABF Journal and abfjournal.com office will be closed on Wednesday, January 1 to observe the New Year’s Day holiday. We wish our readers a safe and happy holiday!