Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt. Goldman Sachs, Goldman Sachs Lending Partners, Merrill Lynch and Bank of America, have committed to provide a 364-day bridge term loan facility to support the transaction. read more

JUN 19, 2017 - 6:50 am

Andrew Rowe was selected as head of Wells Fargo’s Community Banking Customer Segments team. Rowe will join from Bank of America where he most recently served as a consumer risk executive. read more

JUN 14, 2017 - 7:05 am

Bob Evans Farms completed the sale of its restaurants to Golden Gate Capital and its acquisition of Pineland Farms Potato Company. The company also established a new $300 million credit facility with a group of banks led by Bank of America serving as administrative agent. read more

MAY 2, 2017 - 6:37 am

Bank of America reported net income was up 40% to $4.9 billion before preferred stock dividends. EPS of $0.41 exceeds analysis’ estimates of $0.35. read more

APR 19, 2017 - 7:20 am

Rush Enterprises entered into a $100 million revolver credit agreement with a group of banks led by BMO Harris serving as administrative agent. read more

MAR 28, 2017 - 7:08 am

On February 15, Popeyes Louisiana Kitchen amended its credit agreement with Wells Fargo as administrative agent, providing a $150 million revolver expansion. On February 21, Restaurant Brands International, the parent company of Burger King, purchased Popeyes for $1.8 billion. read more

FEB 23, 2017 - 7:07 am

Bloomberg reported that Bank of America is being sued for $542 million by the FDIC for deposit insurance that the bank “refuses to pay.” read more

JAN 10, 2017 - 6:15 am

Varian Medical Systems will acquire the Medical Imaging business of PerkinElmer. The transaction will be financed through an expansion of a facility agented by Bank of America to approximately $600 million. read more

DEC 23, 2016 - 7:00 am

The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet. read more

JUL 11, 2016 - 6:50 am

Bloomberg reported seven banks have agreed to pay $324 million to settle claims they conspired to rig an interest rate benchmark used in the derivatives market. read more

MAY 4, 2016 - 6:40 am

Bank of America reported Q1/16 net income of $2.7 billion, down 13% from $3.1 billion a year ago. Total revenue, net of interest expense, was $19.5 billion, down from $20.9 billion in Q1/15. read more

APR 15, 2016 - 6:48 am

Bloomberg reported that Bank of America fired at least 15 senior Asia bankers, including three managing directors and 12 directors. read more

MAR 11, 2016 - 7:12 am

Bank of America reported full-year 2015 net income of $14.4 billion was the “highest annual net income in nearly a decade.” Higher provision charges reflect reserve builds due to energy sector exposure. read more

JAN 20, 2016 - 6:36 am

Bank of America has named Gary C. Jankowitz market president, serving as enterprise leader in Kansas City. He succeeds Jack Ovel, who led the market since 2013. read more

JAN 19, 2016 - 7:26 am

Bank of America will record a non-cash reduction in pretax income of $600 million in Q4/15. The writedown is tied to the redemption of $2 billion of trust preferred securities related to its Merrill Lynch acquisition. read more

DEC 31, 2015 - 6:30 am