Why Lending Club’s Latest Move Is a Risky One

April 26th, 2016
Online marketplace lender Lending Club plans to sell its loans to Wall Street as bonds. Read the original here: Why Lending Club's Latest Move Is a Risky One
Posted under: Business lending loan Loans

Bibby Financial Canada Hires ABL Vet Millar as VP

April 25th, 2016
Dan Millar has joined Bibby Financial Services Canada as vice president. Millar’s responsibilities will include delivering growth in large ticket factoring and asset-based lending through growing the company’s Canadian client portfolio. See original here: Bibby Financial Canada Hires ABL Vet Millar as VP

Fifth Third Q1 Earnings Hurt by Energy Loan Related Provisioning

April 25th, 2016
Fifth Third Bancorp reported Q1/16 net income, after preferred dividends, was $312 million compared to $346 million in Q1/15. The following highlights were excerpted from the news release: Average commercial leases for the Q1/16 period end of $3,874 million was up 4% compared to $3,715 million at the end of the same period in 2015. Provision for Q1/16 loan and lease losses of $119 million was up 72% from $69 million in the same quarter one year earlier Continue reading ...

Republic Bank Appoints Bresser VP, Commercial Lender

April 25th, 2016
Jerry Bresser was named Republic Bank’s vice president and commercial lender for the Pennsylvania market. Bresser – who has nearly 20 years of local banking experience – will identify commercial lending opportunities for Republic Bank Read the original: Republic Bank Appoints Bresser VP, Commercial Lender

Crescent Provides Financing for Sovereign Capital Dalepak Acquisition

April 25th, 2016
Crescent European Specialty Lendin g provided unitranche financing for the acquisition of Dalepak , a UK-based tech-enabled outsourced logistics provider, by Sovereign Capital, a UK-based private equity firm. Terms of the transaction were not disclosed. “We are thrilled to be a part of this transaction, which will enable Dalepak to expand its market-leading supply chain services to its increasing client base that spans a diverse range of industries including cosmetics, electronics, manufacturing and e-commerce retailers,” said Christine Vanden Beukel, ...

Why Alternative Lenders Will Be a Big Topic at the Collision Conference 2016

April 22nd, 2016
Lending firms captured nearly two-thirds of digital banking investment dollars in 2015. Here's what to expect from the "smart lending" panel at the Collision Conference in New Orleans this week. More: Why Alternative Lenders Will Be a Big Topic at the Collision Conference 2016
Posted under: Banking Business lending