News

Brian Center launched a new, Texas-based company, Quasar Capital Partners, which will provide factoring receivables funding and asset-based lending solutions.

The Turnaround Management Association recognized advisory and tax firm CohnReznick with the Out-of-Court Restructuring of the Year Award for mid-markets at the 12th Annual Turnaround Atlas Awards.

B. Riley, a provider of financial services and business advisory solutions, added a compliance, risk and resilience practice to its financial consulting division, B. Riley Advisory Services. Scott Corzine and Duane Lohn will lead the new practice. 

Tiger Group’s commercial and industrial division posted company record sales of pro-grade audiovisual equipment in 2020.

First Trust Advisors, an exchange-traded fund provider and asset manager, launched a new, actively managed ETF, the First Trust TCW Emerging Market Debt ETF.

CIBC joined RMI's Center for Climate-Aligned Finance as a strategic partner. According to CIBC, it is the first Canadian bank to partner with the center's efforts to align financial decision-making with the long-term decarbonization of the real economy.

TCF’s middle market team was named a winner of the 2020 Greenwich Excellence Award for U.S. Middle Market Banking in two regional categories: cash management overall satisfaction and likelihood to recommend.

First Business Bank’s accounts receivable financing group closed a $2 million factoring facility for a client that provides consulting services in the telecommunication sector and is experiencing growth due to the expansion of 5G services.

LQD Business Finance, a Chicago-based tech-enabled alternative lender, launched development of a Bitcoin business lending platform.

Jacen Dinoff of KCP Advisory Group is serving as chief restructuring officer to Solstice Marketing Concepts in the company’s recent Chapter 11 filing.