News

CIT Group is collaborating with Fintainium to provide an integrated payments and financial workflow management solution for small and midsize businesses. The two companies will waive subscription fees for the first three months.

The Federal Reserve Board will report information on a monthly basis for the liquidity and lending facilities using Coronavirus Aid, Relief and Economic Security (CARES) Act funding.

Suzzanne Uhland joined Latham & Watkins’ New York office as a partner in the restructuring and special situations practice within the finance department. Uhland joined Latham from O’Melveny & Myers.

BMO Harris Bank and 1871 are now accepting applications for WMN•FINtech, a mentoring program for women-led startups and the latest evolution of the BMO Harris/1871 Innovation program.

The American Bankruptcy Institute selected Chief Bankruptcy Judge Barbara J. Houser as president of the board of directors for a one-year term. In addition to Houser’s appointment, Robert P. Reynolds was named president-elect and will become president in April 2021.

Alvarez & Marsal is serving as restructuring advisor and Lazard Frères & Co is serving as financial advisor to Diamond Offshore Drilling, which filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

According to a survey from Builders + Backers and Her Corner, women business owners were passed over in several significant ways throughout the Payroll Protection Program process, leaving them unable to take full advantage of the program.

Alvarez & Marsal is acting as restructuring advisor and Jeffrey S. Stein of Stein Advisors is acting as chief restructuring officer for Whiting Petroleum, which entered into a restructuring support agreement and filed for a consensual Chapter 11 plan of...

North Mill Capital provided a $15 million accounts receivable factoring facility to a provider of oral and personal hygiene products.

J D Factors recently provided $1.09 million in factoring facilities, including a $300,000 facility to a transportation company in Nevada.