UBS has completed the acquisition of Credit Suisse, crossing an important milestone. Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group.It marks the last trading day of Credit...
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June 12, 2023, 07:16 AM
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Following the recent announcement of the planned acquisition of Credit Suisse, UBS outlines its new operating model and leadership team, an important milestone in the combination of the two firms.UBS anticipates that the legal close will take place...
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May 09, 2023, 07:00 AM
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The Federal Reserve Board announced its approval for UBS Group AG, of Zürich, Switzerland, to acquire the U.S. subsidiaries of Credit Suisse Group AG, of Zürich, Switzerland.The application was submitted in connection with UBS Group AG's acquisition...
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April 17, 2023, 07:23 AM
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The Board of Directors of UBS Group AG (UBS) announced it has named Sergio P. Ermotti as its new Group Chief Executive Officer, effective April 5. The Board made the decision to appoint Ermotti as CEO in light of UBS’s new priorities following its...
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March 30, 2023, 07:18 AM
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UBS announced it plans to acquire Credit Suisse. The combination is expected to create a business with more than $5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBS’s position as the leading...
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March 20, 2023, 07:18 AM
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Trinity Capital Inc., a specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, announced that effective Jan. 16, 2020, it became a...
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February 20, 2020, 07:08 AM
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Dext Capital announced it has closed a facility with Credit Suisse to provide warehouse financing for commercial equipment loans and leases. The new facility increases the company's borrowing capacity by $200 million and helps to support its...
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October 28, 2019, 07:20 AM
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Stonebriar Commercial Finance announced it has closed its fifth commercial equipment asset-backed securitization (ABS), SCFET 2019-1, a $650 million ABS issuance with top tranches rated triple A.SCFET 2019-1 is secured by a portfolio of commercial...
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April 11, 2019, 07:00 AM
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Stonebriar Commercial Finance, an independent large-ticket commercial finance company, announced it has allocated all bonds, confirmed pricing and is set to close its fifth commercial equipment asset-backed securitization (ABS), SCFET 2019-1, a $650...
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April 05, 2019, 07:25 AM
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OnDeck announced extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms. The amended facilities provide an aggregate of $360 million of committed funding capacity and are available to finance OnDeck's term...
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March 13, 2019, 07:21 AM
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Stonebriar Commercial Finance (Stonebriar), a leading independent middle market commercial finance company announced the closing of its third securitization transaction, SCFET 2017-1, for approximately $340 million. SCFET 2017-1 marks the third...
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February 27, 2017, 07:10 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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LEAF Commercial Capital, Inc. (“LEAF”), a nationwide specialized equipment leasing and finance company headquartered in Philadelphia, PA, announced today the completion of two transactions with Credit Suisse that significantly expand LEAF’s...
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April 25, 2014, 07:01 AM
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Element Financial Corporation and its wholly-owned subsidiary Element Rail Leasing I LLC (Series 2014-1), announced that it has closed its first railcar asset-backed securitization (ABS) in the aggregate gross amount of $340.3 million.
The...
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April 18, 2014, 07:18 AM
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Ascentium Capital LLC announced the addition of another financial firm, JP Morgan Chase Bank, to its existing lender group which also includes Bank of America, Credit Suisse and Bank of Montreal/Harris Bank. These strategic, multi-year credit...
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August 07, 2013, 06:49 AM
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Ascentium Capital announced that it added both Bank of America and Credit Suisse to its existing lender group which currently includes UBS and Bank of Montreal/Harris Bank.Tom Depping, Chief Executive Officer of Ascentium Capital stated, "We are...
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November 07, 2012, 07:00 AM
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CFO reports the rules on liquidity levels set by the Basel III framework for bank capital could curtail banks’ appetite for underwriting lines of credit for companies. The article makes reference to recent panel of bankers and risk managers brought...
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October 01, 2012, 07:45 AM
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LEAF Commercial Capital, Inc. (LEAF) announced the company expanded its funding capacity with the closing of a $150 million revolving credit facility with Credit Suisse AG, New York Branch. This additional $150 Million of warehouse capacity will be...
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October 01, 2012, 06:10 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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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 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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