Registration is now open for the Fifth Annual Education and Networking Conference to be held on Thursday, March 29, 2012 at the Villanova University Conference Center.
With intensifying strains in the euro area weighing on the global outlook, the International Monetary Fund has sharply cut its forecast for world growth this year, saying prospects have dimmed and risks to financial stability have increased.
Huntington said the U.S. Small Business Administration recognized it as the No. 3 lender in the nation for number of SBA 7(a) loans and that it remains the No. 1 lender among Midwest states for the number and dollar amount of SBA 7(a) loans provided to small businesses.
RAI Group, a specialty mid-market finance company, announced it has ramped up its private label credit card capabilities.
Experian said its Q4 Business Benchmark Report showed general improvement in business performance in most categories quarter over quarter, while metrics remained negative from a year-over-year perspective.
Christopher A. Mills has joined Federal National Payables as senior business development officer. Most recently, he was responsible for consultative cross sales of Business Banking products at PNC Bank.
SunTrust Banks has signed a definitive agreement to acquire online lender FirstAgain, a developer and operator of proprietary technology that offers completely digital and paperless origination, underwriting and servicing.
Lee Enterprises has completed the remaining steps to enable its refinancing agreements. The agreements extend the maturities of Lee’s borrowings to December 2015 and April 2017. The plan of reorganization was confirmed by Chief U.S. Bankruptcy Judge Kevin Gross in the District of Delaware. Lee is scheduled to emerge from Chapter 11 on January 30, 2011.
The Wall Street Journal reported that GE Capital Funding Canada raised a total of C$950 million (US$938.5 million) from an offering of three-year floating rate notes and 10-year fixed rate notes, citing a person familiar with the matter.
Ares Capital announced that its wholly owned subsidiary, Ares Capital JB Funding, has closed a new eight-year, $200 million revolving funding facility with Sumitomo Mitsui Banking.