WSJ: Big Banks Lose Nearly Half a Trillion Dollars in 2016

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

Uber Enters Leveraged-Loan Market with Help of Citi, Others

The Wall Street Journal said that on-demand driving service Uber will access the leveraged-loan market in the hopes of raising up to $2 billion. read more

JUN 15, 2016 - 7:21 am

GE Sells Japanese Commercial Leasing Business to Sumitomo Mitsui

GE signed an agreement to sell its commercial lending and leasing business in Japan, including Capital Finance, Fleet Service and Vendor Finance, to Sumitomo Mitsui Finance and Leasing. read more

DEC 15, 2015 - 7:01 am

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Bloomberg: S&P Cuts Ratings on Eight Large Banks

Bloomberg reported that JPMorgan Chase, Bank of America and Wells Fargo are among eight large U.S. banks that had credit grades cut one level by Standard & Poor’s on the prospect that the U.S. government is less likely to provide aid in a crisis. read more

DEC 3, 2015 - 7:21 am

XPO Logistics Closes Deal to Acquire Con-Way

XPO Logistics announced it has closed its previously announced agreement to acquire Con-Way in a deal valued at $3 billion. The transaction makes XPO the second largest LTL provider in North America. read more

NOV 2, 2015 - 7:10 am

Bloomberg: GE Said to Pick Banks for Australian Credit Unit Sale

Bloomberg reported that GE is working with Morgan Stanley and Credit Suisse to study sale options for its consumer finance business in Australia and New Zealand. read more

SEP 26, 2014 - 7:27 am