AM Best Maintains Credit Ratings for ERIKA Försäkringsaktiebolag
AM Best Reaffirms ERIKA Försäkringsaktiebolag’s Credit Ratings with Stable Outlook AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for ERIKA Försäkringsaktiebolag (publ) (Erika), based in Sweden. The stable…
PeoplesBank and Cornerstone Bank Announce Holding Company Merger
PeoplesBank and Cornerstone Bank have unanimously agreed to merge their holding companies, a decision announced following a vote by both boards. While PeoplesBancorp, MHC and SSB Community Bancorp MHC will unite their holding companies, both banks will retain their individual…
Dwight Capital and Dwight Mortgage Trust Secure $357.4 Million in Financing for May 2024
Dwight Capital and its affiliated REIT, Dwight Mortgage Trust (DMT), successfully closed $357.4 million in real estate financing deals. Key transactions included a bridge loan for a portfolio of ten skilled nursing facilities, a bridge refinance for Elements at Saratoga…
Crescent Capital Group Introduces New Senior Leadership Adjustments
Crescent Capital Group LP Announces New Senior Leadership Team” Crescent Capital Group LP, a prominent alternative credit investment firm, has announced significant leadership changes effective immediately: Christopher Wright, Managing Director and former Head of Private Credit, has been appointed President…
FIS CEO Stephanie Ferris Honored as One of American Banker’s Most Influential Women in Fintech 2024
FIS® (NYSE: FIS), a global leader in financial technology, announced today that its CEO and President Stephanie Ferris has been named an honoree in American Banker’s Most Influential Women in Fintech 2024. Ferris is the only CEO of a publicly…
Embrace the Future of Trading with AvaFutures by AvaTrade
Award-winning online trading broker, AvaTrade, has launched AvaFutures, a groundbreaking futures trading platform designed to transform the retail futures trading space. “As the retail investment market continues to expand, we are pleased AvaTrade clients will now have access to our…
Oxford Global Resources, an H.I.G. Capital Portfolio Company, Acquires Linksap
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that its portfolio company, Oxford Global Resources (“Oxford” or the “Company”), a provider of specialty staffing and consulting services in…
Church Pension Group Publishes Report to the 81st General Convention
The Church Pension Group (CPG), a financial services organization serving The Episcopal Church, announced the release of its Report to the 81st General Convention (cpg.org/R2GC). The report emphasizes two crucial connections between CPG and the General Convention: the election of…
With Intelligence Names MarketVector Indexes as Index Provider of the Year
MarketVector Indexes™ (“MarketVector”), a leading global index provider with over USD 49 billion in licensed assets tracking its benchmarks, has been named Index Provider of the Year by the With Intelligence Mutual Fund and ETF Awards for 2024. “At MarketVector,…
Wells Fargo Grants $500,000 to Neighborhood Housing Services of Chicago for Chicago Flats Initiative
The Wells Fargo Foundation has announced a $500,000 grant to Neighborhood Housing Services of Chicago, Inc. (NHS) to support its Chicago Flats Initiative. This initiative aims to preserve and rehabilitate two- and four-flat buildings, maintain rental affordability, and help homeowners…
ICBC Headquarters to Be Repurposed into Hundreds of Transit-Accessible Homes
ICBC’s North Vancouver headquarters will be transformed into hundreds of new homes, offering residents access to services, amenities, transit, and the SeaBus. “Underused areas that are already well-connected to transit and close to services and amenities are the perfect places…
ICE Midland WTI (HOU) Reaches Record Open Interest as Market Participants Expand Positions
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, announced today that its ICE Midland WTI (ICE ) crude futures contract achieved a record open interest of 158,208 contracts on June 13, 2024, following the addition…