News

A research report from SDL, part of RWS Holdings, highlighted the immense pressure that major financial services organizations are under to ensure they are ready to transition away from LIBOR — which underpins approximately $400 trillion worth of contracts —...

Stearns Bank named Al Doering chief M&A officer, a newly created executive-level role. In addition, Rebecca Kronlund joined the bank as general counsel and Brian McCarthy is taking the helm as chief credit officer.

Despite the increase in the adoption of digital technologies over the past few years, there is a continued lack of technology expertise and digital fluency in the boardrooms of the world’s largest banks, according to a new report from Accenture.

Revitalization Partners developed a new proprietary digital marketing system to augment its expertise in corporate restructuring and receiverships.

InterNex Capital launched a program focused on providing working capital to small and medium minority and women-owned business enterprises. As part of the program, InterNex recently funded a $250,000 line of credit to a minority, woman and veteran-owned business based...

Just Energy Group received creditor protection from the Ontario Superior Court of Justice and is seeking similar protection under Chapter 15 of the U.S. Bankruptcy Code. Just Energy also reached an agreement for a $125 million DIP financing.

Sundance Energy filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Sundance Energy also secured commitments from certain of its term loan lenders for at least $45 million in DIP financing.

Small business loan approval percentages at big banks (more than $10 billion in assets) rose slightly to 13.3% in February from 13.2% in January 2021, according to the latest Biz2Credit Small Business Lending Index.

The Federal Reserve Board extended its Paycheck Protection Program Liquidity Facility (PPPLF) by three months to June 30, 2021. The extension will provide continued support for the flow of credit to small businesses through the Paycheck Protection Program.

RCS Real Estate Advisors helped facilitate the agreement reached between Premium Brands and Lane Bryant and Simon Property Group to keep all Ann Taylor, LOFT and Lane Bryant stores located at Simon properties open.