News

The International Factoring Association (IFA) introduced new membership categories and benefits. Starting Jan. 1, companies not directly engaged in providing factoring services will be eligible for Ally Membership.

Churchill Asset Management closed its second collateralized fund obligation. The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management, including U.S. senior lending, junior capital and equity co-investment.

Ebix reached a "stalking horse" agreement to sell its North American Life and Annuity assets to Zinnia, an Eldridge business and life insurance and annuity technology and service company, as part of its efforts to strengthen its balance sheet and...

Loeb Equipment will be conducting the auction of Metropolitan Brewing in mid-January 2024. The bankruptcy court has entrusted Loeb with the sale of assets from Metropolitan, a provider of German Lager brewing for the last 15 years.

Economic improvement in the United States will continue in 2024, say the nation’s purchasing and supply management executives in the December 2023 Semiannual Economic Forecast. Revenues are expected to increase in 15 of 18 manufacturing industries and 16 of 18...

UnidosUS, the nation's largest Latino civil rights and advocacy organization and Wells Fargo launched a program designed to make progress toward a more equitable, affordable and accessible financial system for all.

Umpqua Bank and parent company Columbia Banking System announced the nonprofit recipients of $1 million in local grants to mark their respective 70th and 30th anniversaries, including $700,000 to organizations in South Puget Sound, Portland Metro and Douglas County Oregon.

The Federal Reserve stated on Wednesday that it will once again maintain the target range for the federal funds rate between 5.25% and 5.5% just as it did in September and November. In addition, as reported by CNN, the Fed...

According to Percent’s 2024 private credit outlook, amidst an uncertain future environment, the economy has held steady and private credit continues to be top choice for alternative financing, with the asset class now standing at $1.3 trillion in assets under...

Bibby Financial Services, an international SME financier, selected asset finance technology provider Alfa’s preconfigured technology platform for asset finance, Alfa Start, in an effort to improve outcomes for clients and colleagues alike.