IF Bancorp, Inc. and Iroquois Federal Appoint New Board Chair, Lead Independent Director, and President
IF Bancorp, Inc. (NASDAQ Capital: IROQ) and its wholly owned subsidiary, Iroquois Federal Savings and Loan Association, have announced significant leadership changes following their recent Board meetings. The Boards of Directors of both the Company and the Association have unanimously…
AM Best Upgrades Credit Ratings for Zurich Insurance Group Ltd and Key Subsidiaries
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) of Zurich Insurance Group Ltd (Zurich) and its main rated subsidiaries. The Long-Term ICR for Zurich, the non-operating holding company, was raised to “a+” (Excellent) from “a” (Excellent). Similarly,…
AM Best Revises Outlook to Negative for Berkshire Hathaway GUARD Insurance Group Members
AM Best has revised the outlooks for the members of Berkshire Hathaway GUARD Insurance Companies (GUARD) to negative from stable. This includes WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company, and AZGUARD Insurance Company, all domiciled…
Practice Better Raises $13M from CIBC Innovation Banking to Drive Growth of Holistic Health Practice Management Platform
CIBC Innovation Banking has announced a US$13 million growth capital investment in Practice Better, a leading all-in-one practice management platform tailored for health and wellness professionals. The funding will accelerate Practice Better’s expansion into new markets and foster advancements in…
Hexure and Luma Strengthen Partnership to Deliver Unified Life Insurance and Annuity Solutions
Hexure and Luma have worked together for over four years, initially focusing on annuity solutions. By expanding the collaboration to include life insurance, the two companies aim to provide a seamless experience for financial professionals and their clients. “We are…
Danske Bank Expands Partnership with ActiveViam to Advance Next-Gen Liquidity Stress Testing
Danske Bank, Denmark’s largest financial institution, has reinforced its partnership with ActiveViam to enhance its capabilities in advanced analytics for liquidity stress testing. This collaboration is set to deliver cutting-edge solutions, enabling the bank to strengthen its risk management framework…
Nexo Launches Industry-First USD Personal Accounts
Nexo, a leading digital asset investment platform, has announced the launch of the industry’s first personal USD accounts. This new service allows customers in over 150 countries to seamlessly make bank transfers to and from their personal USD account in…
MoneyLion Successfully Completes Senior Debt Refinancing
MoneyLion Inc. (NYSE: ML), a leading digital ecosystem for consumer finance, announced today the successful completion of a $70 million loan facility with Silicon Valley Bank (SVB), a division of First-Citizens Bank & Trust Company. The refinancing deal replaces MoneyLion’s…
Golub Capital BDC, Inc. Announces Pricing of $150 Million Public Offering of 6.000% Notes Due 2029
Golub Capital BDC, Inc. (the “Company,” “we,” “us,” or “our”), a prominent business development company (Nasdaq: GBDC), announced the pricing of its underwritten public offering of an additional $150 million in aggregate principal amount of 6.000% notes due 2029. The…
State Street Announces $2.25 Billion Senior Debt Issuance
State Street Corporation announced the successful issuance of $2.25 billion in aggregate principal amount of senior debt through its principal banking subsidiary, State Street Bank and Trust Company. The offering, which closed today, is part of State Street’s ongoing commitment…
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Completes Liquidation
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) (the “Fund”) announced today that it has successfully completed its liquidation process as of November 25, 2024, in line with its investment objectives and organizational guidelines. The…
First Business Financial Services, Inc. Honors the Legacy of Board Member John J. Harris
First Business Financial Services, Inc., the parent company of First Business Bank, is deeply saddened to announce the passing of John J. Harris on November 13, 2024, at the age of 72. A dedicated and influential member of the Board…