News

In response to current market volatility and the COVID-19 pandemic, law firm Schulte Roth & Zabel reconstituted its market conditions working group from the global financial crisis.

ABN AMRO will be automatically deferring payments of interest and principal for six months for 55,000 commercial banking clients with a credit facility of up to €2.5 million, meaning interest and principal payments due in April through September will not...

The American Bankruptcy Institute announced that it will cancel its annual spring meeting. The meeting was scheduled for April 23-25 in Washington, D.C, but will not go on as “conditions have worsened exponentially.”

Total commercial chapter 11 filings in February 2020 decreased 20% over the same period last year, according to Epiq Systems, but Amy Quackenboss, executive director of the American Bankruptcy Institute, projects a future increase in filings due to the COVID-19...

Citizens M&A Advisory served as the exclusive financial advisor to TopBloc, a services, deployment and support provider for Workday, in its recapitalization by BV Investment Partners.

The Federal Reserve lowered the target range of the federal funds rate to zero percent to 0.25% over the weekend in response to the potential economic impact of the coronavirus (COVID-19).

The global trade finance market will grow at a CAGR of more than 4% or by $11.25 billion between 2020 and 2024, according to research and advisory company Technavio.

One-third of financial services organizations lack a clear plan or the resources to address privacy risks related to customer data in the next year, according to a survey of 100 privacy executives in the banking, insurance and capital markets sectors...

Grant Thornton will team with LLamasoft, an artificial intelligence-powered supply chain analytics software company, to combine Grant Thornton’s consulting experience in supply chain transformation and LLamasoft’s optimization technology and AI capabilities.

Tiger Group will hold an online-only auction of pro-grade audiovisual gear on March 17. The equipment is from a production supplier known for its support of work on television and film productions.