PacWest Sells $3.5 Billion Asset-Backed Loan Pool to Ares
PacWest Bancorp sold a $3.5 billion asset-backed loan portfolio to Ares Management Corp., offloading more assets to boost
2023-06-26 20:18
Ares acquires $3.5 billion loan portfolio from PacWest
Private-equity firm Ares Management said on Monday it had acquired a $3.5 billion specialty finance loan portfolio from
2023-06-26 18:58
Cathay Pacific expects profit in first half of 2023
Cathay Pacific Airways on Friday said it expected to report a consolidated profit for the first half of
2023-06-23 08:59
BBVA Boosts Private Banking Presence Amid Spain’s Wealth Influx
Banco Bilbao Vizcaya Argentaria SA is boosting its Spanish private banking operations at a time when rich Latin
2023-06-22 18:46
Ball Corp considers options for aerospace unit
Ball Corp, the world's largest supplier of beer cans, said on Tuesday it was considering options for its
2023-06-20 21:50
Cathay Pacific to hire cabin attendants from mainland China from July
HONG KONG Cathay Pacific Airways Ltd said on Monday it would in July launch initiatives to improve Mandarin
2023-06-19 13:50
How will the Federal Reserve's rate hike pause affect the dollar?
The Fed's rate hiking campaign has helped pump up the US dollar, maintaining an unexpected strength that reverberates across the economy. However, with the Fed's pause, many experts believe the dollar's muscle may start to give out.
2023-06-16 05:20
Marcelo Claure of SoftBank Fame Has a New Venture Firm
Marcelo Claure, the former chief operating officer of SoftBank Group Corp., has a new gig: executive chairman and
2023-06-14 18:59
Will the I-95 collapse in Philadelphia hurt the economy? Look at other cities for answers
A section of northbound I-95 in Philadelphia collapsed Sunday after a tanker truck caught fire underneath the highway. The southbound side is also "compromised by heavy fire," city officials said Sunday.
2023-06-12 20:50
Westpac to layoff 300 workers in business and retail unit, says trade union
Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at
2023-06-12 11:23
There’s More Trouble Coming for Regional Banks
The stock market is growing more sanguine about US regional banks, but the lenders still face serious pressure.
2023-06-11 04:16
Regional Banks Flash Signs of Life in Fourth Weekly Gain
A stock market sector that investors furiously bailed out of just months ago is slowly making a comeback.
2023-06-10 04:48