After Consumer Scandals, Wells Fargo Struggles to Recruit Corporate Clients

Three years after a sales practice scandal rocked the bank, Wells Fargo is struggling to recruit new clients for its corporate bank, according to a new report from Reuters.

AlixPartners MD Tapped as Restructuring Chief in PG&E Bankruptcy

Turnaround specialist James Mesterharm, a managing director at AlixPartners, has been tapped to lead restructuring efforts during PG&E’s soon-to-be-filed bankruptcy, according to sources talking Reuters.

All It Wants for Christmas: Sears Seeking $350MM Loan from Great American

According to Reuters, Sears Holdings is in the final stages of negotiations with Great American Capital Partners and other lenders for $350 million in bankruptcy financing. The funds would be used to keep retail locations open through the upcoming holiday season.

Regulator Warnings on Leveraged Loans Go Unheeded

Reuters reported banks are continuing to issue highly leveraged loans in the wake of loosening rules this year, despite regulator warnings of credit market frothiness.

BAML Leads Refinitiv $5.5B Loan Launch

Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. Bank of America Merrill Lynch is leading the syndication.

BofA Merrill Lynch, JPMorgan Lead $8B Coty Refi

According to Reuters, Bank of America Merrill Lynch and JPMorgan will lead an $8 billion debt refinancing for beauty company Coty.

LPC: JPMorgan Provides $3B loan for Panera buy

Reuters reported that a JPMorgan-led bank group arranged a $3 billion loan facility in support of JAB Holding Co’s $7.2 billion takeover of Panera Bread.