Posted on 7/20/20
PNC Financial: Credit Costs Appear To Have Peaked
SummaryThe substantial reserve built for loan losses in the second quarter is likely to cover pandemic-driven impairments in the year ahead. Therefore, provision expense is likely . . .
Posted on 7/20/20
Why PNC May Use a Different M&A Playbook Than It Did During the Great Recession
In 2008, amid the Great Recession, PNC Financial Services Group (NYSE:PNC) acquired National City Corp. in a deal that valued National City at $7 billion less . . .
Posted on 7/16/20
Guardian Capital Partners Fund III Hits Its Hard Cap With Final Close at $282 Million
WAYNE, Pa.--(BUSINESS WIRE)--Guardian Capital Partners is pleased to announce the final close of Guardian Capital Partners Fund III, L.P. with $282 million in capital commitments. The fundraise . . .
Posted on 7/16/20
PNC Financial: A Case For Buying A Bank In The Middle Of A Recession
SummaryManagement has been vocal about their desire to use the $14 Billion BLK sale proceeds to fund M&A activity via another midsize bank.PNC stock has outperformed . . .
Posted on 7/15/20
Shift4 Payments Named the Official Credit Card Processing Company of the Las Vegas Raiders
LAS VEGAS & ALLENTOWN, Pa.--(BUSINESS WIRE)--Shift4 Payments (NYSE: FOUR), a leading provider of integrated payment processing solutions, is proud to announce today its designation as the . . .
Posted on 7/15/20
States Where People Need Loans the Most – WalletHub Study
With the U.S. unemployment rate slowly improving but still at 11% due to COVID-19, WalletHub today released updated rankings for the States Where People Need Loans . . .
Posted on 7/14/20
Vanguard And Infosys Announce Strategic Partnership
Vanguard today announced it will partner with Infosys (NYSE: INFY) as part of its ongoing strategy to enhance and evolve its full-service defined contribution (DC) business. . . .
Posted on 7/14/20
Keystone Insurers Group and Bain Capital Credit Form Keystone Agency Investors
NORTHUMBERLAND, Pa. & BOSTON--(BUSINESS WIRE)--Keystone Insurers Group, the third largest independent insurance agency network in the U.S., and Bain Capital Credit, LP, a leading global investment . . .
Posted on 7/8/20
Lincoln Financial Group Partners With Swiss Life Network
RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) today announced it has entered into a complementary partnership with Swiss Life Global Solutions (Swiss Life Network), a leading . . .
Posted on 7/6/20
Federated Hermes. Launches Small- and Mid-Cap Fund
Federated Hermes, Inc. (NYSE: FHI), a leading global investment manager, today announced the launch of the Federated Hermes U.S. SMID Fund, as well as a model-delivery . . .
Posted on 7/1/20
Multi-Billion Dollar Fund Complex Selects Herald Investment Marketing as their Preferred Provider
Herald Investment Marketing is pleased to announce that it has recently been selected as the Preferred Provider of Principal Underwriter/ Distributor services for a Multi-Billion Dollar Fund . . .
Posted on 7/1/20
Hamilton Lane Closes Inaugural Impact Fund
BALA CYNWYD, Penn., July 01, 2020 (GLOBE NEWSWIRE) -- Leading private markets asset management firm Hamilton Lane (NASDAQ: HLNE) today announced the final closing of the . . .
Posted on 6/30/20
PNC Announces Stress Capital Buffer
The PNC Financial Services Group, Inc. (NYSE: PNC) last week received the results of the Federal Reserve's 2020 Comprehensive Capital Analysis and Review (CCAR). The Federal . . .
Posted on 6/29/20
Great Valley Advisor Group Adds Bernicke Wealth Management
PAOLI, Pa.--(BUSINESS WIRE)--Great Valley Advisor Group, a technology-driven full-service registered investment adviser that partners with select independent financial advisors to support growth and provide access to . . .
Posted on 6/25/20
GNC Declares Bankruptcy, Looks to Sell Business
Vitamin and wellness retailer GNC (NYSE:GNC) filed for bankruptcy protection late Tuesday, saying it planned to close 1,200 of its 7,300 stores.Having secured financing through a . . .
Posted on 6/11/20
National Energy Improvement Fund Acquires MyStrongHome
The National Energy Improvement Fund, LLC (NEIF) neifund.org, a Certified B-Corp energy efficiency lender, has purchased the assets of My Strong Home PBC
Posted on 6/8/20
Is PNC Financial Services Group a Buy?
The roughly $412 billion asset Pittsburgh-based PNC Financial Services (NYSE:PNC) is absolutely a stock you want in your portfolio. Don't believe me? Then at least listen . . .
Posted on 6/7/20
Hamilton Lane Announces Public Offering of Class A Common Stock
BALA CYNWYD, Pa., (GLOBE NEWSWIRE) -- Private markets asset management firm Hamilton Lane Incorporated (NASDAQ: HLNE) today announced that it has commenced an underwritten public offering . . .
Posted on 6/4/20
Lincoln Financial Group Creates New Flexible Investment Solution for Small Business Retirement Plans
RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) is making it easier for small business owners and the financial professionals who support them to meet participants’ needs . . .
Posted on 6/1/20
States That Need the Most Financial Help Due to COVID-19 – WalletHub Study
With states losing massive amounts of tax revenue while still having to support their residents during the coronavirus pandemic, the personal-finance website WalletHub today released its . . .
Posted on 5/27/20
SC&H Capital Announces Joint Venture with Healthcare Management Partners and I3 Healthcare Consulting
SC&H Capital, a leading investment banking and advisory firm, announced today it has entered into a joint venture with two healthcare consulting firms, Healthcare Management Partners . . .
Posted on 5/27/20
States Where People Need Loans the Most Due to the Coronavirus Pandemic – WalletHub Study
With nearly 39 million Americans becoming jobless during the coronavirus pandemic and 44 percent of Americans expecting to go into more debt because of the crisis, . . .
Posted on 5/13/20
PNC Sells Its Roughly $17 Billion Stake in BlackRock
PNC Financial Services Group (NYSE:PNC) is selling its stake in BlackRock (NYSE:BLK), the world's largest asset manager with about $6.5 trillion in assets under management.PNC bought . . .
Posted on 5/6/20
87 Million Americans Are Worried About Their Credit Scores Due to the Coronavirus – WalletHub
About 87 million Americans are worried about their credit scores due to the COVID-19 pandemic, according to WalletHub’s nationally representative Coronavirus and Credit Score Survey, released . . .
Posted on 4/24/20
Banks Rake In $10B in Fees in Phase 1 of PPP
Banks brought in a whopping $10 billion in fees from the government's $350 billion emergency lending small business Paycheck Protection Program (PPP), according to an analysis . . .
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