News

Mohit “Mo” Ramani will join KeyCorp as chief risk officer (CRO), effective January 23, 2025. “I am very pleased to welcome Mo to Key,” Chris Gorman, chairman and CEO of KeyCorp, said. “I am confident that with Mo’s leadership, experience...

Blank Rome welcomed Daniel J. Sobol and Brandon S. Shemtob to the firm’s labor and employment group in Philadelphia. Sobol and Shemtob represent national and regional employers across industries in a range of traditional labor, union and employment matters. They...

Wells Fargo & Company reported robust Q4/24 financial results, emphasizing stability and resilience amidst a challenging economic landscape. The company posted a net income of $5.1 billion, or $1.43 per diluted share, marking a 47% increase from Q4/23. Full-year 2024...

Global professional services firm Alvarez & Marsal (A&M) appointed Kevin Davidson as a senior director within its healthcare industry group. In his new role, Davidson will help advance the human capital and workforce management practice’s growth strategy in support of...

nFusion Capital a $5 million asset-based lending facility to an Alaska-based welding and steel fabrication company, enabling the business to undertake a high-profile oil and gas project. To capitalize on a new opportunity, the company required a significant infusion of...

The ongoing California wildfires have left a devastating impact on communities, displacing thousands of residents, destroying homes and ravaging natural landscapes. As the fires continue to burn across the state, with heavy winds threatening to worsen the situation, specialty finance...

Diamond Comic Distributors filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Maryland to facilitate the restructuring of its business. As part of the...

Siena Lending Group, a provider of asset-based lending solutions, closed a new senior secured credit facility for FeraDyne Outdoors, a manufacturer and wholesaler of brands in outdoor hunting gear and archery. The new facility consists of a revolving line of...

Sallyport, an operationally focused lower to middle-market private equity firm, closed its first fund, Sallyport Partners Fund. The fund exceeded its target of $150 million, closing with $160 million in total capital commitments. The Houston-based firm is led by Chairman Doug Foshee and...

KBRA released research that considers the themes that matter for private credit in 2025. Key Takeaways: Trump 47 is expected to have a mixed impact on the private credit industry. The prospects for lower taxes and reduced regulations are likely...