KBRA Names Eric Neglia as Head of Global Funds Business Amid Growth in Asset-Backed Lending within Private Credit
Eric Neglia has been appointed as the Global Head of KBRA’s expanding Funds Ratings business. Simultaneously, Thomas Speller has been named Global Head of Fund Finance while continuing to lead KBRA’s European Funds division. “Eric’s extensive experience in asset-backed securitizations…
Navy Federal Credit Union Unveils cashRewards Plus Credit Card with Unlimited 2% Cash Back on All Purchases
Navy Federal Credit Union has introduced its new cashRewards Plus credit card, offering members a more rewarding way to earn cash back on everyday purchases. The cashRewards Plus card provides unlimited 2% cash back on all purchases, making it a…
FHLBank Chicago Grants $3 Million to Support Diverse Developer Initiative, Empowering Emerging Affordable Housing Leaders
To strengthen the pipeline of diverse real estate developers in Illinois and Wisconsin, the Federal Home Loan Bank of Chicago (FHLBank Chicago) has awarded over $3 million through its 2024 Community First® Diverse Developer Initiative. This funding will support 62…
MCO Rises in the Prestigious Chartis Research RiskTech 100 Rankings
Global compliance software provider MCO (MyComplianceOffice) announced its advancement to #44 on the 2025 RiskTech100® list, published by global research and analysis firm Chartis Research. This recognition places MCO among the world’s leading risk and compliance technology providers. “We’re honored…
KBRA Releases Report: European Securitisation Continues Steady Growth
KBRA has published new research on the issuance trends within the European securitisation market. Despite expectations of a summer slowdown, Q3 2024 maintained the strong momentum set in the first half of the year, making this the strongest post-global financial…
SMArtX Advisory Solutions Welcomes Allspring Global Investments to Its Platform
SMArtX Advisory Solutions, a pioneer in managed accounts technology, has announced that Allspring Global Investments has joined the SMArtY manager-sponsored platform. This partnership brings Allspring’s direct indexing capabilities to the platform, enhancing its suite of investment solutions. “We are thrilled…
FHLB Dallas, Del Norte Credit Union, Wells Fargo, and Southwest Capital Bank awarded $550K in grants to support tribal housing in New Mexico.
Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas), Del Norte Credit Union, Wells Fargo, and Southwest Capital Bank have awarded $550,000 in grants from the Native American Housing Opportunities (NAHO) Fund to four tribal housing organizations in…
South Korea Alternative Lending Market Report 2024
South Korea’s Alternative Lending Market: Business and Investment Opportunities ResearchAndMarkets.com has recently added a new report titled “South Korea Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance…
UBS Welcomes $400 Million Financial Advisor Team in Manchester, NH
UBS Wealth Management USA has announced that Financial Advisor Jared Berault has joined the firm in Manchester, New Hampshire, where he manages over $400 million in client assets. He will be joined by Client Associate Fred Kline. “Jared and Fred…
AM Best Upgrades Issuer Credit Ratings of Gulf Insurance Group K.S.C.P. and Gulf Insurance and Reinsurance Company K.S.C. (Closed)
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) of Gulf Insurance Group K.S.C.P. (GIG) and Gulf Insurance and Reinsurance Company K.S.C. (Closed) (GIG-Kuwait) from “a” (Excellent) to “a+” (Excellent), while affirming their Financial Strength Ratings of A…
CI Financial Corp. Reports Preliminary Results of Substantial Issuer Bid
CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) has announced the preliminary results of its substantial issuer bid (the “Offer”), which concluded at 5:00 p.m. (Toronto Time) on October 3, 2024. According to the preliminary count by Computershare…
Pennymac Unveils Leadership and Organizational Changes
PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) announced that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief…