Sumitomo Mitsui Financial Group, Inc. (SMFG) regrets to announce that Jun Ohta, Director President (Representative Executive Officer) and Group CEO of SMFG, passed away and stepped down from his position on Nov. 25,2023, at the age of 65.Due to this...
Read Story
November 27, 2023, 07:18 AM
|
The biggest US banks are poised to write off more bad loans than they have since the early days of the pandemic as higher-for-longer interest rates and a potential economic downturn are putting borrowers in a bind, according to a Bloomberg report....
Read Story
October 11, 2023, 07:23 AM
|
Bloomberg reported private debt defaults will reach 5% by early 2024 as portfolios see an estimated one-third of deals come due in the next two-and-a-half years, according to a new report from Bank of America credit strategists Neha Khoda and Dong Ba...
Read Story
October 06, 2023, 08:00 AM
|
Bloomberg reported PacWest Bancorp is exploring a sale of its lender finance arm, according to people familiar with the matter. The California-based bank is working with a financial adviser to solicit interest in the business, said the people, who...
Read Story
April 24, 2023, 07:20 AM
|
Caterpillar Inc.’s CEO Jim Umpleby was among the company executives painting a troublesome picture of ongoing challenges in comments on the company’s second-quarter earnings call. The execs said they see no improvements in supply-chain woes...
Read Story
August 04, 2022, 07:25 AM
|
Bank of Montreal has expressed interest in buying BNP Paribas SA’s U.S. banking arm, according to people familiar with the matter. BMO has held initial talks about an acquisition of BNP Paribas’s Bank of the West unit. Read the Bloomberg article here...
Read Story
December 17, 2021, 07:23 AM
|
Mitsubishi UFJ Financial Group Inc. is considering selling its U.S. banking arm, as consolidation heats up in the American financial industry, people familiar with the matter said, Bloomberg reported. According to Bloomberg, the Japanese lender is...
Read Story
September 17, 2021, 07:22 AM
|
Apollo Global Management LLC is talking to bankers about lining up debt to buy all or part of General Electric Co.’s jet-leasing business, which could be worth as much as $40 billion, according to people familiar with the matter, Bloomberg...
Read Story
January 07, 2019, 07:28 AM
|
Bloomberg reports HNA Group Co. is putting more of its aviation and property assets up for sale, including CIT Aircraft Leasing, the airline leasing business purchased from CIT Group Inc. for more than $10 billion. The Chinese conglomerate is...
Read Story
November 29, 2018, 07:30 AM
|
Deloitte and Bloomberg Tax will host Lease Accounting Standard: A Way Forward, a one-day conference to help companies navigate the new lease accounting standard, one of the most transformative pieces of authoritative accounting guidance in the FASB...
Read Story
May 15, 2018, 07:00 AM
|
Bloomberg Tax announced a leased asset tracking model that will be available at no cost to companies preparing to make their initial step toward complying with the new ASC 842 standard. This new tracking model enables organizations to record leases...
Read Story
March 22, 2018, 07:00 AM
|
According to a Bloomberg article, CIT Group agreed to sell its student lending business to Nelnet Inc. for about $1.1 billion.
Most of the proceeds will be used to repay debt secured by student loans, leading to a net gain in the second quarter, CIT...
Read Story
April 17, 2014, 07:31 AM
|
Bloomberg reported Hertz Global Holdings said it will spin off its equipment-leasing division to focus on renting cars.According to the Bloomberg report, Hertz will separate into two publicly traded companies, with Hertz comprising car rentals and...
Read Story
March 18, 2014, 07:00 AM
|
An article on Bloomberg notes Ben S. Bernanke pledged for the first time that the Federal Reserve will buy bonds until the economy gets closer to his goals, signaling the battle against unemployment eclipses any concerns about inflation for now.The...
Read Story
September 14, 2012, 06:58 AM
|
Mr. Valentino, joins Meridian from Societe Generale where he worked in the bank’s Energy and Project Finance Group. While at Societe Generale, Patrick worked on a range of transactions including renewable power, conventional power and energy...
Read Story
April 10, 2012, 08:00 AM
|