Bank of America Agents LabCorp Credit Facility

LabCorp has entered into a new term loan credit facility with Bank of America acting as the administrative agent. The facility can be used to pay all or part of LabCorp’s $6.1 billion acquisition of Covance.

GE Names Former SEC Chairman Schapiro to Board

GE announced the nomination of Mary Schapiro, former chairman of the SEC, as a director. GE said, Schapiro will bring valuable expertise to GE, particularly with her experience overseeing U.S. financial markets.

WSJ: Regions Financial Under Scrutiny

The Wall Street Journal reported that federal agencies are examining allegations that Regions Financial improperly classified loans that went bad during the financial crisis.