Commercial Chapter 11 Filings Increased 68% Y/Y in the First Half of 2023  

According to data provided by Epiq Bankruptcy, the 2,973 total commercial Chapter 11 bankruptcies filed during the first six months of 2023 represented a 68% increase over the 1,766 filed during the same period in 2022. Individual Chapter 13 filings increased by 23% during the same period. read more

Inovatec Systems Promotes Hoang to Director of Client Operations and Implementation

Inovatec Systems, a provider of industry-leading, cloud-based software solutions for lenders, promoted Tony Hoang to director of client operations and implementation. read more

Monroe Capital Completes Acquisition of Horizon Technology Finance Management

Monroe Capital completed the acquisition of Horizon Technology Finance Management, a venture debt investment manager for companies in the technology, life sciences, healthcare information and services, and sustainability industries. read more

Economic Activity in Manufacturing Sector Contracts Again in June

Economic activity in the manufacturing sector contracted in June for the eighth consecutive month following a 28-month period of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Bank of America Promotes Matessino to President of New Orleans and Baton Rouge, LA

Bank of America named Jonathan Matessino president of Bank of America in New Orleans and Baton Rouge, LA. Matessino joined Bank of America in 2015, most recently serving as senior relationship manager for global commercial banking. read more

Trinity Capital Appoints Ghannam Managing Director of Tech Lending in New York

Trinity Capital, a provider of diversified financial solutions to growth-stage companies, appointed Andrew Ghannam as managing director of tech lending, based in New York. Ghannam joins Trinity from Pacific Western Bank. read more

Russel Investments’ Strategists Expects a Delay in Recession

According to Russell Investments’ strategists, a recession for the slowing U.S. economy is expected, though they anticipate a delay until 2024 as investor enthusiasm for artificial intelligence and resilient economic growth continue to support stocks. read more

ACIA Aero Leasing Appoints Tolson as CFO

ACIA Aero Leasing, a provider of regional aircraft leasing and lease management services, appointed Grant Tolson as the new CFO. Tolson will take the lead of the lessor’s financial initiatives, supporting ongoing efforts to expand the scale and reach of its platform. read more

Sentiment Towards Private Infrastructure Remains Relatively Strong

According to the recently released inaugural Institutional Infrastructure Allocations Monitor by Hodes Weill & Associates and Cornell University’s Program in Infrastructure Policy, sentiment towards private infrastructure remains relatively strong. read more

IIA ESG Global Survey Reports ESG’s Future in Global Investment Portfolios Rises

The Index Industry Association released its third annual ESG Global Survey of Asset Managers that suggests despite significant economic volatility and political frictions, ESG’s future role in global investment portfolios continues to increase. read more

Capertis Platform Proves Beneficial for Financial Sponsors

Since it launched in late 2022, Capteris, a provider of large-ticket equipment lease and loan financing, established itself as an attractive alternative provider of equipment finance solutions. read more

First Hawaiian Announces Senior Leadership Transitions

First Hawaiian announced the upcoming retirements of Ralph Mesick, Lance Mizumoto and Iris Matsumoto; and the appointments of their successors Darlene Blakeney, Lea Nakamura and Gina Anonuevo. read more

Forbes Names BMO “Best in State Banks” in Indiana

BMO has been named to Forbes' Best-in-State Banks 2023 list for Indiana. The award reflects BMO's commitment to helping customers make real financial progress with leading advice and products that help customers meet their financial goals. read more

Accord Financial Launches Accord|EDC Trade Expansion Lending Program

Accord Financial launched Accord|EDC Trade Expansion Lending Program (Accord|EDC TELP), it’s latest financing innovation supported by Export Development Canada (EDC). read more

M&T Bank Announces Multiple Commercial Bank Leadership Appointments

M&T Bank announced a slate of leadership updates in its commercial bank to support its ongoing evolution and commitment to providing best-in-class support to its clients and communities. read more

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