News

First Citizens Bank launched a middle-market banking unit to support the financial needs and goals of midsized businesses across the Southeast.

Context Business Lending, a family office-backed specialty finance company, rebranded as Edge Capital. According to Meredith Carter, CEO of the company, over the next five years, Edge Capital plans to deploy $1 billion in capital.

Clarus Therapeutics, together with its wholly-owned subsidiary Clarus Therapeutics, has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Economic activity in the manufacturing sector grew in August, with the overall economy achieving a 27th consecutive month of growth, say the nation’s supply executives in the latest manufacturing ISM report on business.

Bankruptcy filings in August 2022 across all chapters totaled 35,355, a 10% increase from the August 2021 total of 32,276, according to new research released today from Epiq's Bankruptcy analytics platform.

Aequum Capital entered a partnership with a global alternative investment management firm to establish a new commercial lending platform that will originate and service asset-based loans to small and medium-sized businesses in the U.S.

The National Association of Credit Management’s Credit Managers' Index (CMI) remained at a combined score of 55 in August, with improvements in unfavorable factor indexes offsetting deterioration in favorable factor indexes.

Solifi released its latest version of Solifi Asset-Based Lending (ABL) software. The updated version includes several new and enhanced features designed to provide a richer experience for customers and lenders, mitigate risk and streamline processes.

White Oak Global Advisors, together with its financing affiliates, provided more than $1 billion in loans across all platforms between January 1 and June 30, 2022.

DataBank closed its initial recapitalization led by Swiss Life Asset Management AG, EDF Invest, Northleaf Capital Partners and Ardian. Structured as a sale of ownership interests from existing investors for $1.5 billion, the new investor consortium will now own 35%...