CIT Q1 Earnings Reflect Impact of OneWest Acquisition

April 28th, 2016
CIT Group reported Q1/16 net income of $147 million compared to net income of $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. Income from continuing operations for Q1/16 was $152 million compared to $104 million in the year-ago quarter. “Since I recently became CEO and defined our strategy to become a leading national middle market bank, our team has been very focused on executing on our plan to improve returns as ...

Tiger Valuation Services Adds DiCapua as M&E Senior Appraiser

April 27th, 2016
Joseph DiCapua joined Tiger Valuation Services as a senior appraiser in its Machinery and Equipment Group. DiCapua brings to over 15 years of experience managing machinery and equipment valuation projects for major financial institutions. Continue reading here: Tiger Valuation Services Adds DiCapua as M&E Senior Appraiser

Wells Fargo: U.S. Companies Expect Increase in Foreign Revenue

April 26th, 2016
Despite concerns about exchange rates and global economic conditions, a majority of U.S. companies expect an increase in non-U.S. revenue over the next 12 months as they continue to pursue business opportunities in international markets, according to the latest Wells Fargo International Business Indicator . More here: Wells Fargo: U.S. Companies Expect Increase in Foreign Revenue

How This Company Turned Charity into A Business Model (And Why It Works)

April 24th, 2016
The leader of 1Face, Fam Mirza, said, "While our business has shown the good the corporate sector can do for charitable causes, it demonstrates how philanthropy has changed in society as a whole." Continue reading here: How This Company Turned Charity into A Business Model (And Why It Works)
Posted under: Business Corporate

Three First Niagara Directors to Join KeyCorp’s Board

April 22nd, 2016
KeyCorp has added Austin A. Adams, Gary M. Crosby, and Carlton L Go here to read the rest: Three First Niagara Directors to Join KeyCorp’s Board
Posted under: Business Corporate Inc IRS

JPMorgan Agents New $700MM Credit Facility for Compass Minerals

April 22nd, 2016
Compass Minerals refinanced its existing senior secured credit facilities with a $400 million senior secured term loan and a $300 million senior secured revolver, both of which mature on July 1, 2021 and carry an interest rate of LIBOR plus 1.5% based on the company’s current leverage. These new credit facilities replace $471 million in term loans and a $125 million revolver Read this article: JPMorgan Agents New $700MM Credit Facility for Compass Minerals