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News Stories (44 Results) - Bank of America

Stonebriar Commercial Finance announced the closing of a new $500 million revolving credit facility. The facility will provide Stonebriar with committed, multi-year funding for each of its four business platforms: General Equipment, Rail Leasing... Read Story
June 26, 2018, 07:30 AM


The core of the U.S. small business sector is solid, with many entrepreneurs expressing confidence that they will generate higher year-end revenues compared to 2016, and that the 2018 economy will improve. According to the fall 2017 Bank of America... Read Story
November 08, 2017, 07:00 AM


Martha Ahlers, Chief Operating Officer of United Leasing & Finance (ULF,) recently announced the closing of a $350 million, multi-year senior secured revolving credit facility with an accordion expansion to $475 million with Bank of America, as Agent... Read Story
August 10, 2017, 07:00 AM


Viewpost announced an unprecedented initiative to transform the way small businesses view and manage their cash flow. Currently, small businesses are struggling with the real-time demands of a digital economy while being forced to rely on antiquated... Read Story
August 30, 2016, 06:59 AM


CIT Group announced that CIT Capital Equipment Finance made several key appointments designed to further build a best-in-class originations team focused on creating tailored capital equipment financing solutions for middle-market companies. “I am... Read Story
March 04, 2016, 07:32 AM


Signature Bank in Minnetonka, MN announced the recent addition of Mark L. Stauffer to its Lease Financing Division. Stauffer works closely within a diverse range of industries including a focus on telecom and technology. Prior to joining Signature... Read Story
August 14, 2015, 07:21 AM


Bloomberg reported that Bank of America Corp. hired Jeffrey Peek, who ran commercial lender CIT Group Inc. for six years, as an executive vice chairman in the global investment bank.Bloomberg reported Peek, most recently a vice chairman at Barclays... Read Story
June 08, 2015, 07:06 AM


Landec Corporation, a leading developer and marketer of innovative and proprietary products for healthy living applications in the food and biomedical markets, has secured for Apio, Inc., Landec's food subsidiary, a new equipment loan from Banc of... Read Story
May 22, 2015, 06:58 AM


United Rentals, Inc. and certain of their subsidiaries announced they entered into a Second Amended and Restated Credit Agreement which provides for a senior secured asset-based loan facility of $2,500 million, a portion of which is available for... Read Story
April 02, 2015, 06:44 AM


Small business owners handed out significantly higher scores when asked about the health of the economy and their potential for economic growth than they did six months ago, according to the Bank of America/CFI Group Small Business Forecast released... Read Story
February 25, 2015, 06:51 AM


VeriStor Systems, an advanced IT solutions provider specializing in virtual infrastructure and enterprise private, public and hybrid cloud services and solutions, today announced that Bob Necessary has been promoted to Chief Financial Officer.... Read Story
October 08, 2014, 07:02 AM


CIT Group announced that it served as Joint Lead Arranger in a $450 million senior secured credit facility for YRC Worldwide, one of the largest less-than-truckload (LTL) operators in North America. LTL carriers collect freight from various shippers... Read Story
April 02, 2014, 07:00 AM


Announces Plans to Hire More Than 200 Additional Small Business Bankers in 2014Bank of America announced that it extended $10.9 billion in new loans to small businesses in 2013 – a 26 percent increase over 2012. In addition, the bank has seen new... Read Story
February 05, 2014, 06:40 AM


Bank of America Corporation reported net income of $3.4 billion for the fourth quarter of 2013, compared to $732 million in the year-ago period. Revenue, net of interest expense, on an FTE basis rose 15 percent from the fourth quarter of 2012 to... Read Story
January 16, 2014, 06:58 AM


CFOs are more optimistic about U.S. economic growth than they were a year ago and expect their companies’ sales to increase in 2014, with growth coming from doing more business with current customers and winning new customers, according to the Bank... Read Story
December 13, 2013, 07:05 AM


Companies are planning to increase their investment in equipment in the coming year according to a new report released by Infinity Research. As a result, a majority of them would be depending on different sources of finance such as leasing, loans... Read Story
November 11, 2013, 06:30 AM


Bibby Financial Services announced Jeffrey Morse has been appointed to the position of Risk Director. Morse previously served in high-level management roles at several companies, including Chase Commercial Corp., Fleet Credit Corp., Bank of America... Read Story
October 30, 2013, 06:38 AM


U.S. Bank has hired Michael Righi to lead its middle market commercial banking teams in the Pacific Northwest and to serve as the company's president for Northern California. Righi will be based in San Francisco. In addition to serving as market... Read Story
September 30, 2013, 07:00 AM


GE announced Marisa Harney has been appointed vice president and chief risk officer of GE Capital Americas, GE Capital’s North American lending and leasing business. In this role, Marisa will lead the independent risk team responsible for managing... Read Story
August 08, 2013, 07:02 AM


Ascentium Capital LLC announced the addition of another financial firm, JP Morgan Chase Bank, to its existing lender group which also includes Bank of America, Credit Suisse and Bank of Montreal/Harris Bank. These strategic, multi-year credit... Read Story
August 07, 2013, 06:49 AM


Bank of America Business Capital announced it has provided a $30 million asset-based loan to JD Norman Industries, Inc. to refinance existing debt and support the purchase of two subsidiaries of Federal-Mogul Corporation. The business units include a... Read Story
July 26, 2013, 06:58 AM


U.S. financial officers gave the economy its highest score in five years and were significantly more confident about economic growth in 2013 in the latest Bank of America Merrill Lynch CFO Outlook survey. Executives who participated in the 2013 CFO... Read Story
July 24, 2013, 07:02 AM


Fifth Third Bancorp (FITB) announced that it has named Frank Forrest as chief risk and credit officer, effective September 2013. Forrest will join Fifth Third from Bank of America where he has held numerous positions over the past 25 years in credit... Read Story
June 11, 2013, 06:59 AM


Bloomberg reported the biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years. The reports cites data compiled by Credit Suisse Group AG which shows the average... Read Story
February 21, 2013, 07:29 AM


Financial executives at U.S. companies continue to be concerned about the economy, with only two out of five executives expecting growth in 2013, according to the Bank of America Merrill Lynch 2013 CFO Outlook. The 602 executives who participated in... Read Story
February 11, 2013, 07:20 AM


According to the Bank of America November 2012 Small Business Owner Report, small business owners want to grow or sustain the level of success they’ve experienced in 2012, in the year ahead. They are optimistic about revenue and hiring expectations... Read Story
November 16, 2012, 07:00 AM


Ascentium Capital announced that it added both Bank of America and Credit Suisse to its existing lender group which currently includes UBS and Bank of Montreal/Harris Bank.Tom Depping, Chief Executive Officer of Ascentium Capital stated, "We are... Read Story
November 07, 2012, 07:00 AM


Bank of America Corporation today reported net income of $340 million for the third quarter of 2012, compared to $6.2 billion in the third quarter of 2011.The third quarter of 2012 was negatively impacted by $1.9 billion of debit valuation... Read Story
October 17, 2012, 08:02 AM


In the Bank of America Fall Update to the 2012 CFO Outlook, CFOs weigh in on the economy, priorities and prospects for growth.  According to the report, never before has so much weighed on the minds of corporate finance chiefs—from the changing... Read Story
October 12, 2012, 07:34 AM


After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.Bank of America... Read Story
October 08, 2012, 07:32 AM


Confidence in economic growth declined sharply in the latest Bank of America Merrill Lynch CFO Outlook survey, with U.S. financial executives expressing concerns about several potential impacts on the nation’s economy. Only 36 percent of financial... Read Story
September 26, 2012, 07:58 AM


Bank of America Corporation reported net income of $2.5 billion for the second quarter of 2012, compared to a net loss of $8.8 billion in the second quarter of 2011. The year-ago quarter included a total of $18.2 billion in pretax charges for certain... Read Story
July 18, 2012, 07:15 AM


Reuters reported that nine of the largest global banks expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent, as U.S. regulators released public portions of these banks' "living wills".According to... Read Story
July 05, 2012, 08:00 AM


Reuters reported that five of the largest U.S. banks are crafting plans for going out of business as part of the government-mandated contingency planning created by the Dodd-Frank financial reform law designed to end too-big-to-fail bailouts from the... Read Story
June 27, 2012, 08:00 AM


The following is an excerpt of the press release issued by Moody's Investors Service.New York, June 21, 2012 – Moody's Investors Service today repositioned the ratings of 15 banks and securities firms with global capital markets operations. The... Read Story
June 22, 2012, 07:45 AM


Bank of America released its inaugural Small Business Owner Report, a semi-annual study exploring the concerns, aspirations and perspectives of small business owners across the country. The survey uncovers a sense of optimism about their own business... Read Story
May 18, 2012, 08:00 AM


U.S. financial executives are much more optimistic about the national economy than they were last fall, with nearly two-thirds expecting it to grow in 2012, but they remain cautious about the global economy, according to the latest Bank of America... Read Story
May 04, 2012, 07:30 AM


Bloomberg reported the largest U.S. banks, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., told the Federal Reserve that a limit on their credit exposure is unnecessary and “fundamentally flawed.” According to the report, the Federal... Read Story
April 30, 2012, 07:30 AM


Bank of America Corporation reported net income of $653 million for the first quarter of 2012. Revenue, net of interest expense, on a fully taxable-equivalent (FTE) basis was $22.5 billion, including negative valuation adjustments related to changes... Read Story
April 19, 2012, 08:00 AM


Bloomberg Businessweek reported that the Federal Reserve Bank of New York is seeking bids for $7.49 billion of collateralized debt obligations linked to commercial mortgages it took on in the 2008 bailout of American International Group Inc. (AIG).... Read Story
April 19, 2012, 07:00 AM


CIT Group Inc. announced the appointment of Stacey Goodman as Executive Vice President and Chief Information Officer effective April 30, 2012. She will report to to Nelson J. Chai, President of CIT Group Inc.“Technology continues to play an important... Read Story
April 17, 2012, 05:30 AM


The New York Times reported that Moody’s Investor Service said it will decide in mid-May whether to lower the credit ratings of 17 global financial companies. The report cites Morgan Stanley to be the most vulnerable and that Moody’s may cut the... Read Story
March 30, 2012, 08:15 AM


Bloomberg Businessweek reported the world’s largest banks have presented a list of changes to a proposed U.S. ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect.According to... Read Story
February 14, 2012, 07:30 AM


Bloomberg reported that Bank of America Corp., JPMorgan Chase & Co., Wells Fargo, Citigroup and Ally Financial (GMAC) reached a $25 billion settlement with 49 states and the federal government related to abusive foreclosure practices in the wake of... Read Story
February 10, 2012, 07:30 AM