Fifth Street’s Q2/16 Capital Markets Outlook

April 27th, 2016
Volume Declines Dramatically Totaling just $7.33 billion, sponsored middle market loan volume reached a six-year low in the first quarter — exceptionally weak even when viewed against the traditional seasonal pattern of lighter volume. On the heels of a sluggish year in 2015, we remained cautious in our outlook for the new year; yet, volume dropped more precipitously than expected See original here: Fifth Street’s Q2/16 Capital Markets Outlook

Bangladesh Bank heist gang may strike again

April 25th, 2016
Security researchers have urged global banks to tighten their network defenses following the discovery of malware that helped hackers steal $101 million from Bangladesh Bank. Visit link: Bangladesh Bank heist gang may strike again
Posted under: Banks Business

SunTrust Q1 Earnings Higher Despite Higher Energy-Related Reserves

April 25th, 2016
SunTrust reported Q1/16 net income available to common shareholders of $430 million compared to $411 million for the same quarter in 2015. The bank said total revenue in Q1/16 of $2,099 million was up 5.4% or $107 million from $1,992 million a year earlier. See the rest here: SunTrust Q1 Earnings Higher Despite Higher Energy-Related Reserves

Reuters: Major Regional Banks Prepare for Energy Loan Losses

April 25th, 2016
According to Reuters , five U.S. regional banks put aside millions of dollars during Q1/16 to cover potential losses from loans to the energy sector. See original here: Reuters: Major Regional Banks Prepare for Energy Loan Losses
Posted under: Banks Business loan Loans

MUFG Union Bank Agents Willis Lease Finance Facility Upsize to $1B

April 22nd, 2016
Willis Lease Finance  expanded its $700 million revolving credit facility by over 40% to $1 billion, which includes a $110 million accordion feature. The facility has a 5-year term and additional flexibility. See more here: MUFG Union Bank Agents Willis Lease Finance Facility Upsize to $1B

Greenberg Traurig Adds Tartakovskiy to M&A Practice

April 22nd, 2016
Dmitriy A. Tartakovskiy has joined law firm  Greenberg Traurig ’s New York office as a shareholder in its Global Corporate M&A Practice. Go here to see the original: Greenberg Traurig Adds Tartakovskiy to M&A Practice