News

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley...

Shawbrook has enhanced its Asset Based Lending proposition to simplify and speed up the process of UK businesses unlocking the substantial value tied-up in both hard and paper assets.

Kirby McInerney announced a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired SVB Financial Group securities during the period from June 16, 2021, through March...

White Oak Global Advisors, together with its financing affiliates, originated $1.4 billion of loan transactions across 60 deals in 2022.

Republic Business Credit provided a distributor of women’s apparel with a $1.5 million traditional factoring facility with credit protection and extended customer payment terms.

Bibby Financial Services migrated its Singapore operations to the latest version of Lendscape. The move is aimed at streamlining Bibby Financial Services' lending operations and improving the user and client experience.

First Citizens Bank is expanding its middle-market banking group to support the financial needs of midsized businesses in the Midwest and south-central regions of the United States.

Franklin Capital completed a factoring facility for a non-profit staffing firm. A former client reached out because they were experiencing cash flow difficulties similar to what previously led them to Franklin Capital.

According to the latest Biz2Credit, small business loan approval percentages at big banks slipped again in February, falling from 14.4% in January to 14.2%. This marks the ninth consecutive month in which big bank approval percentages have declined.

Gibraltar Business Capital launched its new equipment financing business, Gibraltar Equipment Finance, which will provide equipment loans and leases from $1 million to $20 million. Jeffry S. Pfeffer will lead the new business as president.