Banking News

MIAMI--(BUSINESS WIRE)--Quirch Foods Announces Leadership Transition...

DENVER--(BUSINESS WIRE)--The Western Union Company (NYSE: WU) today announced the appointment of Milind Pant as an independent director to its Board of Directors, effective immediately. Mr. Pant, age 55, is a distinguished global business leader whose career has encompassed transformative roles across consumer goods, services and health sectors. He is currently an Executive Fellow with the Kellogg School of Management. As the first non-family CEO of Amway, he led a six-year transformation, shif...

HILLSDALE, Mich.--(BUSINESS WIRE)--CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.33 Per Share...

NEW YORK--(BUSINESS WIRE)--Benefit Street Partners L.L.C. (“BSP”) today announced the closing of BSPDF 2026-FL3 (“FL3”), a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation. FL3 features a 30-month reinvestment period and was structured with a 180-day ramp-up acquisition period. FL3 has an initial advance rate of 88.625% and a weighted average interest cost of 1M CME Term SOFR+1.68% before accounting for transaction costs. The transaction settled on March 12, 2026. Mich...

NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) has declared dividends on the outstanding shares of the Firm’s Series CC preferred stock. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362 billi...

NEW YORK--(BUSINESS WIRE)--Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., “Blackstone Credit & Insurance”), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027...

NEW YORK--(BUSINESS WIRE)--Dream Chasers Capital Group (DCCG), the leading shareholder of Carver Bancorp, Inc. (OTCQB: CARV), is today responding to the Board’s recent blocking of the nomination of Moishe Gubin, Chairman of NYSE-listed OptimumBank Holdings, Inc. (NASDAQ: OPHC), and Greg Lewis, CEO of Dream Chasers. Shareholders should not be surprised. Shareholders are once again witnessing the Board’s utilization of corporate machinery—backed by high-priced counsel—to disenfranchise owners thr...

NEW YORK--(BUSINESS WIRE)--KBRA assigns a rating of BBB- to MSC Income Fund, Inc.'s (NYSE: MSIF or “the company”) $150 million, 6.34% senior unsecured notes due 2029. The rating Outlook is Stable. The proceeds will be used for repayment of existing secured indebtedness. Key Credit Considerations The rating is supported by MSIF’s well diversified $1.3 billion investment portfolio spread among 150 portfolio companies (including equity investments) across 30+ industries as of 4Q25, with ~77% of it...

PHOENIX--(BUSINESS WIRE)--Western Alliance Bank (NYSE: WAL) today announced the launch of its specialized Healthcare commercial banking team, led by industry executive Jennifer Hwang. Hwang will build and lead a Healthcare banking team that will deliver strategic, integrated financial advice and solutions to clients across subsectors including specialty pharmaceuticals, home health and hospice, medical device, ambulatory surgical centers and providers. Healthcare is the latest addition to Weste...

NEW YORK--(BUSINESS WIRE)--KBRA releases research that explores the potential credit implications of the war in Iran, examining both the near-term implications and the potential ramifications of a prolonged conflict. The most immediate risks stem from the disruption to traffic through the Strait of Hormuz, alongside broader operational disruption and security risks in the region. Direct exposure across KBRA-rated transactions is limited, although a prolonged conflict could, over time, weaken ma...