Hercules Capital CEO Manuel Henriquez has voluntarily stepped aside as the firm’s chairman and CEO. According to Bloomberg, the news comes in the wake of Henriquez’s indictment by federal authorities because of his alleged involvement in the college admissions cheating scandal.
According to two Bloomberg articles, Eddie Lambert’s ESL Investments has increased its bid to purchase Sears to $5 billion and hopes to keep the bankruptcy court in its corner by maintaining more jobs than initially proposed.
Bloomberg reported on a $42 million settlement Bank of America reached with the New York Attorney General’s office. The fine was levied over accusations the bank had sold customers’ trades to other firms without their clients’ permission or knowledge.
Bloomberg reported there was a $1 trillion gain made in 2017 by the world’s richest people. Amazon founder Jeff Bezos surpassed Microsoft’s Bill Gates as the world’s richest person.
KPMG was ranked as the leading mid-market provider of M&A services for both the number of announced and completed deals in 2016, per Thomson Reuters’ Mid-Market M&A Review and Bloomberg M&A Advisory League Tables.
Bloomberg reported economic growth will fall in 2016 to its slowest pace in four years due to uncertainty about the presidential election.
A Better Solution for Identifying Syndicated Loans? The FIGI ID System Provides Consistency and Transparency
Syndicating loans has pitfalls for both investors looking for deals and financial institutions packaging the loans. The Financial Instrument Global Identifier (FIGI) streamlines the process and adds transparency to assist both lenders and investors. Mark Betteridge explains how to use this new standard.
Bloomberg reported that RadioShack’s attempted comeback best case scenario would have been tough, but it is now competing with a slump across the electronics industry due to depleting demand that is hurting healthier rivals.
Though jobless claims increased by 28,000 to 326,000 in the week ended May 17, 2014, continuing claims fell to the lowest since December 2007, Bloomberg reported.