The PNC Financial Services Group announced that President Michael P. Lyons is departing PNC to assume the President & CEO-Elect role at Fiserv. Lyons joined PNC in 2011 to serve as head of Corporate & Institutional Banking and was named president in 2024."Mike has been with PNC for 13 years and has been instrumental in our growth and success," said PNC Chairman and CEO William S. Demchak. "He is leaving to go to a great client and partner, and we wish him well. We have built a tremendous
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January 24, 2025 @ 08:10 AM
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Private equity firms are heading into 2025 with increasing momentum, bolstered by favorable economic trends and renewed confidence in deal-making, according to BluWave’s Q4 2024 PE Industry Insights Report. This report offers data-driven analysis of private equity’s evolving priorities and highlights the strategies shaping the industry for the year ahead.“Private equity leaders are shifting from cautious defensive strategies to bold, forward-looking investments,” said Sean Mooney, founder and
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January 30, 2025 @ 08:15 AM
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CIBC ABL closed four new transactions, totaling $107 million, in November and December 2024. The momentum and strong growth late in 2024 signals a positive outlook for the upcoming fiscal year with a depth of new deal flow still to come.The representative transactions emphasize the depth of connectivity of our senior business development team, and their long-standing relationships with key centers of influence, family-owned businesses and sponsors. It is these relationships coupled with our wide
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January 24, 2025 @ 08:10 AM
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ID.me, a market leading digital identity wallet, closed a $275 million credit facility provided by Ares Management funds ("Ares"). Ares also plans to make a substantial equity investment in ID.me. Proceeds will fuel ID.me's continued acceleration, as ID.me is revolutionizing the way Americans securely prove their identity online, expanding digital access while protecting privacy and preventing fraud.This financing comes amid significant business momentum, as ID.me has signed up over 139 million
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January 31, 2025 @ 08:15 AM
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CoreVision Strategies has extended its banking expertise with the addition of Derek A. Holley as Managing Director. Holley is a Certified Public Accountant with nearly 40 years of combined experience in public accounting, middle market banking and asset-based lending.Before joining CoreVision, Holley was the National Field Exam Manager for JPMorgan Chase where he led a team of 70 professionals and maintained relationships with 50 independent field exam firms that performed over 1,000 exams
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January 31, 2025 @ 07:14 AM
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