ZimCal Raises Concerns Over Excessive Pay at Medallion Financial
The stock price has dropped 20% year-to-date, yet management continues to receive substantial rewards at the expense of shareholders. The high executive compensation is not in line with the core business performance. ZimCal has sent a letter to shareholders highlighting…
EVERTEC Successfully Reprices Existing Term Loan B
EVERTEC, Inc. (NYSE: EVTC) has successfully repriced its outstanding $540 Term Loan B (TLB) due in 2030, announcing a reduction in interest rate margins from SOFR + 350 basis points to SOFR + 325 basis points. This leverage-neutral repricing aims…
KBRA Preliminarily Rates Sunnova Hestia II Issuer, LLC Solar Loan Backed Notes, Series 2024-GRID1
KBRA has assigned preliminary ratings to two classes of notes issued by Sunnova Hestia II Issuer, LLC Solar Loan Backed Notes, Series 2024-GRID1, totaling $168.9 million in a residential solar loan ABS transaction. This marks the second securitization under the…
U.S. Bank Achieves Top Rank in California for Retail Banking Customer Satisfaction, According to J.D. Power
U.S. Bank has once again achieved the highest score in California in J.D. Power’s annual study measuring clients’ satisfaction with their primary bank, marking its fourth consecutive year at the top. The study, now in its 19th year, evaluates satisfaction…
A+ Federal Credit Union Awards $150,000 in Scholarships to 75 Students
The A+ Federal Credit Union (A+FCU) Board of Directors has proudly granted $150,000 in scholarships to 75 high school and college students across Texas for the upcoming 2024-2025 school year. This increase in annual scholarship funding, marking the credit union’s…
WebBank, a Steel Partners Company, Recognized Among American Banker’s Top Workplaces in Financial Technology for 2024
WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSE: SPLP), has been recognized as one of the Best Places to Work in Financial Technology for 2024. This marks the second consecutive year that WebBank has achieved this honor, securing…
CrossCountry Consulting Names New National Leader for Government Contracting Industry
CrossCountry Consulting, a prominent business advisory firm, announced today the appointment of Laura Adams as Partner in the Accounting Advisory practice and the national Government Contracting Industry Lead. Based in Washington, D.C., Adams will focus on supporting clients in the…
AM Best Assigns Credit Ratings to Accelerant Insurance Company of Canada.,
Affirms Ratings for Accelerant Holdings’ Subsidiaries AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Accelerant Insurance Company of Canada (AIC) (Canada). The outlook for…
Fintech Company Yendo Secures $165 Million in New Funding to Accelerate Growth
Yendo, the company that created the first-ever vehicle-secured credit card, today announced the close of $150 million in debt financing led by i80 Group. The financing will be used to fuel customer growth, introduce new products, and expedite the expansion…
CAIS Hosts Third Annual Alternative Investment Summit for Independent Advisors
Industry titans take the stage in L.A. for marquee gathering of financial advisors and alternative asset managers CAIS, the leading alternative investment platform for financial advisors, today announced that the CAIS Alternative Investment Summit will return for its third year,…
Standard Chartered US Named Among Top 50 Community-Minded Companies in America
Standard Chartered US (the “Bank”) is pleased to announce that it has been named a 2024 honoree of The Civic 50. This accolade recognizes the top community-minded companies in the United States according to an annual survey by Points of…
Leading Legal Firm Elevates Client Service with Angela Angelovska-Wilson as Managing Partner
DLx Law PLLC, a premier law firm specializing in cryptocurrency and blockchain technology, has entered a new phase with Angela Angelovska-Wilson assuming the role of Managing Partner. As part of this transition, Lewis Rinaudo Cohen and Greg Strong have departed…