U.S. Bank Launches ABL Securitization Lending Business

U.S. Bank launched a new asset backed securitization lending business, which will provide non-recourse commitments secured by consumer and commercial receivables.

Santander Launches Specialized Banking Group Led by Vaughan Alexanderson

Emily Vaughan Alexanderson was tapped to lead a new banking group within Santander Bank’s Commercial Banking division that will focus on the needs of clients in the non-profit and educational industries, among others.

Wintrust Expands ABL Services with New A/R Finance Group

Wintrust expanded its asset-based lending group, Wintrust Business Credit, with the addition of a specialized team focused on accounts receivable financing. National Head of Originations Jason LeuVoy and Group Head John Marrinson will lead the new team.

BMO Financial to Build Flagship Headquarters in Chicago

BMO Financial announced plans for a new office tower in Chicago. The new BMO Tower will employ 3,600 staff members across 14 floors of a 50-floor, 700-foot building, which will open in 2022.

Tiger Group, Liquidity Services Launch Biopharma Distress Assets Partnership

Tiger Group and Liquidity Services launched a partnership focused on rapid, efficient and high-recovery disposition of assets from distressed organizations in the biopharmaceutical manufacturing industry.

ABN AMRO Launches Blockchain Pilot with Samsung SDS, Port of Rotterdam

ABN AMRO launched a new pilot in partnership with the Port of Rotterdam and Samsung SDS, Samsung’s logistics and IT division.

Signature Launches Fund Banking Division, Byrne Named Head

Signature Bank launched its new Fund Banking Division, dedicated to providing financing and banking services to the private equity industry. Tom Byrne, named managing group director and head of the Fund Banking Division, will lead the bank’s nationwide platform.

OnDeck Creates ODX to Help Small Banks Digitize Services

OnDeck launched ODX, a new company that will focus on helping banks digitize their small business lending process. ODX will operate as a wholly-owned subsidiary of OnDeck with Brian Geary serving as president.

Sunflower Bank Launches Structured Finance Group

Sunflower Bank created a Structured Finance Group to provide relationship-focused asset-based lending and leveraged finance services to lower middle market companies and private equity investors.

BNP Paribas Creates Global Credit Markets America

BNP Paribas, as part of its CIB 2020 development plan, created a new unit called Global Credit Markets Americas. This new unit integrates all primary origination, financing and syndication and secondary sales, trading and research activities across credit products into one platform.