Citigroup and Apollo entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo’s strategic partner as well as Apollo’s subsidiary, Athene, both of which will have the opportunity to join commitments appropriate for their
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September 27, 2024 @ 08:15 AM
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Gordon Brothers has forecasted U.S. retail sales for this upcoming holiday season predicting a modest increase of 1.2% to 3.5% relative to last year amid economic and political uncertainty. While certain economic indicators are looking up, including a 50-basis point rate cut, stronger than expected consumer confidence, and inflation falling to its lowest level in more than three years, there is increased uncertainty around the election, rising unemployment, stock market volatility and weak
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September 27, 2024 @ 08:10 AM
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Bank of America announced that David Dowd has been named president of Bank of America Asheville. As president, Dowd will be head of the market and responsible for connecting clients, teammates and communities to the full power of the franchise, driving integration across the bank’s eight lines of business. He will oversee the bank’s efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen client relationships. He will also lead the effort to
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September 20, 2024 @ 07:50 AM
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TD Bank Group and Chief Executive Officer, Bharat Masrani, announced his intention to retire on April 10, 2025, after 38 years at the Bank and more than a decade as CEO. In line with TD Bank Group's succession plan, the Board of Directors announced that Raymond Chun, Group Head, Canadian Personal Banking will be appointed to the Board of Directors and become Chief Operating Officer, TD Bank Group, reporting to Mr. Masrani, effective November 1, 2024, with responsibility for all of TD's lines of
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September 20, 2024 @ 08:03 AM
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Viola Credit, a global asset manager focused on providing asset-based lending solutions to the innovation economy, announced a strategic joint venture with Cadma Capital Partners ("Cadma"), an affiliate of Apollo Global Management ("Apollo") that specializes in financing solutions for high-growth technology companies and the investment firms that sponsor them. Viola Credit offers flexible credit solutions to sponsor-backed technology companies seeking asset-based financing and growth capital.
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September 19, 2024 @ 08:15 AM
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