News

The FDIC reached a $335 million settlement with PricewaterhouseCoopers related to professional negligence claims brought by the FDIC against accounting firm arising out of the audits of the failed Colonial Bank.

Austin Financial Services closed a $12.4 million senior secured revolving credit and term loan facility for a manufacturer of precision machined components for the aerospace and defense industries.

Allied Affiliated Funding closed $500,000 in receivables financing for a Texas-based water conservation and efficiency company focused on water management services.

Utica Leaseco completed one transaction totaling over $2.5 million the week of March 11, 2019.

J D Factors provided $945,000 in factoring facilities to five clients the week of March 11, 2019.

Law firm Sidley Austin brought on board Tara Higgins and Noreen Phelan as partners and Chris Hutchison as a senior associate. All three will work in the firm's global Energy and Infrastructure practice.

The Federal Reserve Board and the FDIC will jointly hold two public meetings on the proposed merger of BB&T and SunTrust Banks.

Analysis of S&P 500 2018 earnings transcripts shows fading exuberance among corporate executives as the year progressed, according to Gartner.

Beef International, a custom manufacturer of premium meat products, has retained Equity Partners HG to explore strategic options, including a partnership, investment or a sale of some or all of the business.

Lighthouse Financial completed a $3.924 million credit facility for a manufacturer and marketer of frozen food products based in North Carolina.