News

Crescent Capital Group launched Crescent Private Credit Income (CPCI), a non-exchange traded, perpetual-life business development company. Sun Life Capital Management, the majority owner of Crescent Capital, has committed $150 million to CPCI.

First Citizens Bank is extending its brand to cover numerous commercial business verticals that previously fell under its CIT division, including nearly all of the businesses within CIT’s commercial finance group.

nFusion Capital extended a $2 million factoring line of credit to Sullivan Commercial Painting, a Florida-based commercial painting company.

Solifi announced the latest product enhancements for its wholesale finance solution, including new features designed to provide North American customers with an enhanced lender and dealer experience.

Wells Fargo sold approximately $2 billion of private equity investments in certain Norwest Equity Partners and Norwest Mezzanine Partners funds to a group of investors, including AlpInvest Partners, Atalaya Capital Management, Lexington Partners and Pantheon.

Minerals Technologies and its subsidiaries, Barretts Minerals (BMI) and Barretts Ventures Texas filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas to address and...

First Business Bank’s accounts receivable financing team funded a $2.5 million factoring facility for a client operating as a smart bus platform.

The vast majority (94%) of financial service leaders are confident that their businesses are “digitally fit for the future” but doubts remain with 26% saying they suffer from “tech anxiety” when it comes to artificial intelligence and machine learning, according...

Banks must harness disruptive technologies and create their own or actively participate in digital ecosystems to remain at the heart of the banking universe, according to a global Economist Impact study.

Manufacturers Bank will change its name to SMBC MANUBANK as it expands into new markets and industries, highlighting its decades-long affiliation with Sumitomo Mitsui Banking.