BlackRock Announces Increased Distributions for Select Closed-End Funds
BlackRock has announced distribution increases for a selection of its closed-end funds, marking a significant shift in the monthly payouts under their managed distribution plans. These changes will impact the Funds’ income, capital gains, and/or return of capital distributions, with…
Paystand’s Zero-Fee B2B Payments Model Earns Spot on Deloitte Technology Fast 500 List
Paystand, a leading fintech company specializing in blockchain-enabled B2B payments, was recently recognized on the prestigious Deloitte Technology Fast 500™ list, securing the 306th spot for 2023. With an impressive 380% growth from 2020 to 2023, Paystand has quickly become…
HarborOne Bank’s Inez Friedman-Boyce Recognized as One of Women We Admire’s Top 50 Women Leaders in Banking
HarborOne Bancorp, Inc., the parent company of HarborOne Bank, has announced that Inez Friedman-Boyce has been named one of the Top 50 Women Leaders in Banking by Women We Admire. This prestigious recognition celebrates Friedman-Boyce’s outstanding contributions to the banking…
Credit Benchmark Names Joe Proctor as Head of Banking for EMEA & APAC
Credit Benchmark, a leading provider of credit risk data and analytics, has announced the appointment of Joe Proctor as Head of Banking for the EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions. Proctor, who will be based in…
First Foundation Inc. Announces CEO Transition: Scott F. Kavanaugh Retires, Thomas C. Shafer Named Successor
First Foundation Inc., a financial services company with two wholly owned operating subsidiaries—First Foundation Advisors and First Foundation Bank—has announced the appointment of Thomas C. Shafer as its new Chief Executive Officer (CEO). This transition follows the retirement of Scott…
Global Blue Reports Strong Financial Performance in H1 FY24/25, Announces Increased Share Buyback Program
Global Blue Group Holding AG (NYSE: GB and GB.WS), a leader in tax-free shopping solutions, payments, and post-purchase services, has released its financial results for the second quarter and six months ending September 30, 2024. The company reported robust growth,…
GrafTech Launches Exchange Offers and Consent Solicitations for Existing Notes
GrafTech International Initiates Exchange Offers and Consent Solicitations for Existing Notes GrafTech International Ltd. (NYSE: EAF) (“GrafTech” or the “Company”) has announced that its subsidiaries, GrafTech Finance Inc. (“GrafTech Finance”) and GrafTech Global Enterprises Inc. (“GrafTech Global”), have launched separate…
Moody’s Acquires Numerated Growth Technologies to Enhance Lending Technology Solutions
Moody’s Acquires Numerated Growth Technologies to Strengthen Lending Technology Offerings Moody’s Corporation (NYSE: MCO) has announced its acquisition of Numerated Growth Technologies (Numerated), a leading digital loan origination platform serving financial institutions. This move significantly enhances Moody’s Lending Suite, providing…
AM Best Assigns Credit Ratings to Continental General Insurance Co
AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good) to Continental General Insurance Company (CGIC), based in Austin, Texas. The outlook for these ratings is stable. Key Factors Behind…
Marathon Asset Management and Webster Bank Secure Financing for Littlejohn’s Acquisition of Sunbelt Modular
Marathon Asset Management (“Marathon”), a global credit manager with over $23 billion in assets under management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $79 billion in total assets, have successfully closed a senior-secured…
FHLB Dallas and Eight Members Grant $283K to Support DFW Nonprofits
The Federal Home Loan Bank of Dallas (FHLB Dallas) and eight of its member institutions have collectively granted $283,000 to eight nonprofit organizations in the Dallas-Fort Worth (DFW) area. These awards, part of the $1.2 million distributed through the Partnership…
UBS Announces Quarterly Coupon Payments for AMUB Exchange Traded Note
UBS Investment Bank has declared quarterly coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: “AMUB”), traded on the NYSE Arca. Below are the details: Ticker ETN Name Coupon Valuation Date Ex-Date Record Date Payment Date…