News

Senior Executive Vice President Mike Loughlin will retire as Wells Fargo’s chief risk officer.

Reuters reported that Barclays and HSBC will launch a $3.6 billion leveraged loan syndicate to back Cineworld Group’s acquisition of U.S. chain Regal Entertainment.

Sempra Energy increased the maximum borrowing capacity under its credit facility from $1 billion to $1.25 billion. Citibank served as administrative agent for the transaction.

Andrew Cardonick joined Sidley Austin’s Chicago office as a partner in the Global Finance practice._x000D_ _x000D_

Business restructuring attorney Ashley J. Jericho joined the Detroit office of McDonald Hopkins, a business advisory and advocacy law firm.

Crestmark secured a total of $44.3 million in financial solutions for 15 new clients in the first half of January.

Cahill Gordon & Reindel elected Ann K. Creed and Christopher W. Clement to the partnership.

The International Factoring Association launched its newly designed and mobile friendly website and revealed its new logo.

The Wall Street Journal reported that GE Capital CEO John Flannery said he is considering breaking company divisions off into separately traded units._x000D_ _x000D_

Bibby Financial Services provided an $8 million asset-based credit facility to a global manufacturer of large steel products used by the construction, mining and oil and gas industries.