A new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, revealed that chief financial officers are focused on profitability despite the uncertain interest rate outlook and global economy. read more

OCT 17, 2023 - 5:20 am

A new forecast from International Data Corporation shows that enterprises will invest nearly $16 billion worldwide on GenAI solutions in 2023. This spending is expected to reach $143 billion in 2027 with a compound annual growth rate of 73.3% over the 2023 to 2027 forecast period. read more

OCT 17, 2023 - 5:10 am

Kroll Bond Rating Agency released research about the impact of the current Israel-Hamas conflict on aviation asset-based securities, stating that exposure to Israeli lessees in such transactions is currently limited. read more

OCT 12, 2023 - 6:53 am

Citi agreed to sell its onshore consumer wealth portfolio in China, including clients, assets under management and deposits, to HSBC Bank China. The transaction covers total deposits and investment assets under management of approximately $3.6 billion. read more

OCT 10, 2023 - 6:55 am

Economic activity in the hospital subsector grew in September after contracting in August, which was the second time the sector had contracted in the previous five months, with 35 consecutive months of growth prior to that, according to the Institute for Supply Management. read more

OCT 10, 2023 - 6:46 am

Green Dot, a digital bank and financial technology company, appointed Michelleta Razon to its board of directors, effective immediately. Razon most recently served as vice president, general manager and head of commerce at Google Cloud, Google’s suite of cloud computing tools and services. read more

OCT 9, 2023 - 7:04 am

Funds managed by the transportation infrastructure strategy of Oaktree Capital Management acquired Consolidated Chassis Management, a manager of marine chassis pools in the U.S. read more

OCT 9, 2023 - 7:00 am

CNH made a minority investment in California-based startup Advanced Farm Technologies, which specializes in the robotic harvesting of apples, strawberries and other fruits. read more

OCT 4, 2023 - 6:29 am

Baker Hughes was awarded a major contract in Q3/23 to provide a modularized liquefied natural gas (LNG) system and power island. The contract was awarded under a master equipment supply agreement between Venture Global and Baker Hughes. read more

OCT 3, 2023 - 6:56 am

Horizon Technology Finance provided a $40 million venture loan facility to Elligo Health Research, of which $25 million was initially funded. read more

OCT 3, 2023 - 6:54 am

CIBC Innovation Banking provided a $3.5 million debt financing facility to Edmonton, AB-based Nanoprecise, which plans to use the funds for working capital purposes. read more

OCT 2, 2023 - 6:58 am

Wells Fargo sold approximately $2 billion of private equity investments in certain Norwest Equity Partners and Norwest Mezzanine Partners funds to a group of investors, including AlpInvest Partners, Atalaya Capital Management, Lexington Partners and Pantheon. read more

OCT 2, 2023 - 6:56 am

Encina Lender Finance closed a $50 million senior secured credit facility for Bright Money, a fintech platform that helps consumers manage their debt. read more

OCT 2, 2023 - 6:54 am

While most financial service leaders are confident about the digital fitness of their businesses, 26% have “tech anxiety” about AI and machine learning, according to Kin + Carta. read more

SEP 29, 2023 - 6:40 am

Owl Labs released its seventh annual State of Hybrid Work Report, which uncovered the latest trends and perspectives around remote and hybrid work. read more

SEP 29, 2023 - 6:10 am