A credit crunch has descended upon small business owners nationwide hindering their growth and causing some to say that if it continues, they’ll be forced to close. A new nationwide survey from Goldman Sachs 10,000 Small Businesses Voices shows 78...
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October 26, 2023, 07:00 AM
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Goldman Sachs entered into an agreement to sell the GreenSky platform and associated loan assets to a consortium of institutional investors led by Sixth Street (the “Consortium”). The transaction is expected to close in the first quarter of 2024...
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October 12, 2023, 07:07 AM
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RecNation Storage, a leading owner, operator and developer of specialized recreational vehicle and marine storage facilities, amended and upsized its revolving credit facility to borrow up to $500 million assuming certain conditions are met. The...
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May 31, 2023, 07:00 AM
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Franchise Equity Partners, an independent and newly established private investment firm, announced its official launch as a portfolio company of investment funds managed by HPS Investment Partners, LLC. HPS is a leading global alternative investment...
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November 09, 2021, 07:18 AM
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Encina Equipment Finance, LLC (EEF) announced the pricing and closing of its first asset-backed securities transaction. The $258.4 million offering was backed by a diverse pool of equipment loans and leases to 43 obligors across a variety of...
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June 01, 2021, 07:25 AM
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Stonebriar Commercial Finance announced the closing of a $17.5 million sale and leaseback of certain manufacturing and distribution center related equipment for K&N Engineering, a branded automotive air filter and air intake systems manufacturer and...
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May 25, 2021, 07:24 AM
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Goldman Sachs is recognizing Stonebriar Commercial Finance President and CEO Dave B. Fate as one of the 100 Most Intriguing Entrepreneurs of 2020 at its Builders + Innovators Summit.Goldman Sachs selected Fate as one of 100 entrepreneurs from...
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October 15, 2020, 07:25 AM
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Rocky Mountain Institute (RMI), a global clean energy nonprofit, announced the launch of the Center for Climate-Aligned Finance in collaboration with Wells Fargo, Goldman Sachs, Bank of America and JPMorgan Chase — four of the world’s largest...
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July 13, 2020, 07:10 AM
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LeaseQuery announced Goldman Sachs’ Merchant Banking Division has invested $40 million in the company through Series A funding.The Atlanta-based LeaseQuery is on track for another record year of growth in 2019, after achieving 708 percent...
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November 11, 2019, 07:10 AM
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As JPMorgan and Goldman Sachs each prepare to launch major new financial technology (fintech) initiatives, research firm Accenture is warning that increased competition from digital only lenders could put intense pressure on incumbent banks, as they...
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October 26, 2018, 07:07 AM
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Fundation Group announced that it has obtained a $100 million asset-backed credit facility from Goldman Sachs. Fundation will use this credit facility to accelerate its growth by increasing its capacity to extend credit to small businesses across the...
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August 25, 2016, 07:02 AM
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SunTrust Banks announced that Al Kolesar has been named corporate treasurer. He succeeds Kevin Blair who has resigned from the company to pursue other opportunities. Kolesar, who most recently served as leader of Capital Adequacy and Resolution for...
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July 18, 2016, 08:06 AM
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GE has reached an agreement to sell GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo. The sale includes ending net investment (ENI) of approximately $30 billion (about...
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October 13, 2015, 11:05 AM
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GE announced an agreement to sell GE Capital Bank’s U.S. online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs, to Goldman Sachs Bank USA (“GS Bank”). Under this agreement...
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August 14, 2015, 07:27 AM
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CIT Group today announced that it has entered into a definitive agreement and plan of merger with IMB Holdco LLC, the parent company of OneWest Bank N.A. (“OneWest Bank”), for $3.4 billion in cash and stock. OneWest Bank is a privately owned regional...
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July 22, 2014, 07:15 AM
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Waypoint Leasing (“Waypoint”), a leading global helicopter leasing company, announced that it has closed on a five year US$72.5 million term loan facility led by Goldman Sachs. The facility will be used to refinance certain existing helicopters...
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May 14, 2014, 06:00 AM
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CIT Group Inc. announced the appointment of Israel “Izzy” Kaufman as Executive Vice President, Treasurer effective immediately. He will report directly to Chief Financial Officer Scott T. Parker. Mr. Parker said, “Izzy’s broad corporate experience...
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September 17, 2013, 07:03 AM
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KeyCorp announced that Maria Teresa Tejada, a credit risk professional with 20 years of experience in financial services, will join the company as its Chief Credit Officer effective August 12, 2013. Ms. Tejada will be responsible for the leadership...
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June 12, 2013, 06:59 AM
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Bloomberg reported the U.S. Treasury is offering to sell $18 billion of American International Group Inc. (AIG) shares in a transaction that is likely to cut taxpayers’ stake in the firm to below 50% for the first time since its 2008 bailout....
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September 10, 2012, 07:40 AM
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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...
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July 05, 2012, 08:00 AM
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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...
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June 27, 2012, 08:00 AM
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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...
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June 22, 2012, 07:45 AM
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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...
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April 30, 2012, 07:30 AM
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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)....
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April 19, 2012, 07:00 AM
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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...
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February 14, 2012, 07:30 AM
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