News

FFIEC members will provide guidance to financial institutions and work with state and local officials to identify workers as essential to ensure the security and resilience of the nation’s critical infrastructure.

Truist Financial committed $1 million each to community development financial institutions LiftFund and Natural Capital Investment Fund to support small businesses affected by the COVID-19 pandemic.

Deloitte issued a financial reporting alert that discusses certain key accounting and financial reporting considerations related to conditions that may result from the COVID-19 pandemic.

Hilco Global issued a series of strategic recommendations to assist lenders with current portfolio exposure in the retail market to take action during the near-term fallout of the current COVID-19 pandemic.

Crestmark secured a total of $20.25 million in asset-based lending financial solutions for seven new clients in the first half of March.

A national study from America's Small Business Development Centers and Thryv found 69% of U.S. small businesses have already experienced a large drop in demand due to the coronavirus pandemic and 60% believe demand will continue to decline.

Churchill Asset Management completed fundraising for Churchill Middle Market Senior Loan Fund II with $2 billion in limited partner commitments, exceeding its original target of $1 billion.

In the first podcast of the ABF Journal series, Vince Belcastro, Group Head of Syndications at Element Fleet Management, and Chris Enbom, CEO of AP Equipment Financing and Work Truck Direct, discuss the early effects of the coronavirus on the...

Lighter Capital, a provider of growth capital to tech startups, will begin offering debt financing, including term loans and lines of credit, in the Canadian market.

The Fed, FDIC, NCUA, OCC, CFPB) and state banking regulators issued an interagency statement for financial institutions working with borrowers affected by the coronavirus. FASB concurs with the approach.