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AM Best Revises Issuer Credit Rating Outlook to Negative for Brighthouse Financial, Inc. and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of Brighthouse Life Insurance Company (headquartered in Charlotte, NC), New England Life Insurance Company (Boston, MA) and Brighthouse Life Insurance Company of NY (New York, NY). These entities are collectively referred to as Brighthouse and a
Hankey Group, Through its Hankey Capital, Westlake Financial, and Midway Subsidiaries, Launch Bitcoin Crypto Lending Program
LOS ANGELES--(BUSINESS WIRE)--Hankey Group announces the launch of a pioneering Bitcoin Crypto Lending Program aimed at providing real estate and highline vehicle buyers with new financial opportunities using Bitcoin. The Crypto Finance Program lets crypto holders use their Bitcoin as collateral to access full financing for real estate or exotic vehicles, eliminating the need for large cash down payments. “On a standard real estate transaction, we typically require the buyer to provide 20% of t
Vertical Relevance Achieves AWS Premier Tier Status in the Amazon Web Services Partner Network
NEW YORK--(BUSINESS WIRE)-- #APNPartner--Vertical Relevance announced it has achieved Premier Tier status in the AWS Partner Network (APN).
Retail Veteran Kimberly Lee Minor and BroadView Talent Partners Partner to Empower Leadership Landscape
FAIRFIELD, Conn.--(BUSINESS WIRE)-- #career--Kimberly Lee Minor, a retail industry veteran, is partnering with national executive search firm BroadView Talent Partners to expand and strengthen the sector’s leadership ranks. Together, they will empower both people and brands by: Identifying a retail organization’s ideal C-suite leader Accessing a diverse and qualified candidate pool Maximizing onboarding and transition effectiveness Building a leadership team that fuels growth and reflects the world aroun
Hilgers Graben Partners Earn Coveted Spots on the 2025 Leading Lawyers in America List
LINCOLN, Neb.--(BUSINESS WIRE)--Hilgers Graben, a leading commercial litigation and discovery counsel services law firm, is pleased to announce the selection of four of its partners including Mike Merriman, the firm’s head of litigation, as well as Alice LaCour, Alec Schultz and Rose Hunter Jones to the Lawdragon 2025 list of the 500 Leading Lawyers in America. “Our firm is committed to providing the best legal representation and service, which means we must have the most qualified and exceptio
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Dates of Quarterly Tender Offer
NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced that the Fund's Board of Directors has approved the Fund's quarterly tender offer (the "Tender Offer") with the following terms: Number of Shares 2.5% of the Fund's outstanding shares as of December 31, 2024 Commencement Date January 17, 2025 Expiration Date and Time February 18, 2025 at 5:00 p.m. Eastern Time, unless otherwise extended Price Net asset value per share determined a
loanDepot Names Bart Evans Regional Vice President in the Southeast
IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), a leading provider of products and services that power the homeownership journey, has appointed Bart Evans as regional vice president, managing a Southeastern geography that includes Alabama, Arkansas, and Tennessee. Evans will report to Senior Vice President of Production Paul Ramos. “As a former professional baseball player, Bart knows the value of hard work, competitiveness and collaboration. He starts every d
KBRA Assigns Preliminary Ratings to EFMT 2025-NQM1
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of mortgage pass-through certificates from EFMT 2025-NQM1, a $269.6 million non-prime RMBS transaction. The underlying collateral, comprising 738 residential mortgages, is characterized by a notable concentration of alternative income documentation, with 85.0% of the loans underwritten using bank statements, DSCR, and asset underwriting documentation types. Approximately 55.2% of the loans were categorized as non-quali
Citizens for Judicial Fairness Slams Exorbitant Lawyers' Fees Awarded by Chancery Court Chancellor Kathaleen McCormick
WILMINGTON, Del.--(BUSINESS WIRE)--Citizens for Judicial Fairness released the following statement today after Delaware’s Chancellor Kathaleen McCormick granted $176 million in legal fees as part of the Tesla board pay case: “Just a few short months after Delaware celebrated $175 million in Medicaid funding as ‘the single greatest reinforcement of Delaware’s Medicaid program’ since the Affordable Care Act, Chancellor McCormick awarded the same amount of money to three law firms in a single verd
WhiteHawk Capital Partners Provides Credit Facility to Nephron Pharmaceuticals
LOS ANGELES--(BUSINESS WIRE)--WhiteHawk Capital Partners Provides Credit Facility to Nephron Pharmaceuticals
Media Advisory: Federal Home Loan Bank of Dallas and First Security Bank Award $30K to Conway Ministry Center
CONWAY, Ark.--(BUSINESS WIRE)--Join representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and First Security Bank as they award $30,000 in grants to the Conway Ministry Center in Conway, Arkansas. The grant will be used to cover a portion of the salary of a shelter manager for The Refuge – Arkansas’ first emergency housing program for families with children and people with disabilities or medical needs. The Refuge will provide emergency housing with wraparound case management
AM Best Affirms Credit Ratings of Colonnade Insurance S.A.
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Colonnade Insurance S.A. (Colonnade) (Luxembourg), a member of the Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH] group of companies. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Colonnade’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,
Snowden Lane Partners Redeems Equity of Financial Sponsor
NEW YORK--(BUSINESS WIRE)--Snowden Lane redeemed a significant portion of its private equity sponsor's ownership stake and provided partial liquidity to vested advisor owners.
Leavitt Equity Partners Announces Promotions
SALT LAKE CITY--(BUSINESS WIRE)--Leavitt Equity Partners (“LEP”), a value-add, healthcare-focused private equity firm, today announced four promotions, including Sierra Smith to Partner and Chief Operating Officer, John Smith to Partner, Hilary Hall to Principal, and Daxton Allsop to Vice President. “It is an honor to work with such talented and driven team members, and we are thrilled to celebrate this year’s promotions, including adding Sierra and John to our partnership. We look forward to c
Smartsheet Appoints Jim Hahn as Vice President of Corporate Communications
BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR), the AI-enhanced enterprise-grade work management platform, today announced Jim Hahn has joined the company as Vice President of Corporate Communications. Hahn is a high-performing and seasoned leader with more than two decades of experience leading integrated communications strategies for enterprise technology businesses at pivotal moments. Previously, he spent fifteen years at Dell in various executive communication roles. As the Vice P
Future Forward Accelerator by Uplevyl Aims to Upskill 1,000 Female Innovators for the AI + Digital Age
AUSTIN, Texas--(BUSINESS WIRE)--In a race against time as AI transforms business at unprecedented speed, Uplevyl has launched the Future Forward Accelerator, targeting 1,000 female leaders ready to claim their place at the forefront of the AI revolution. With AI leadership positions being filled daily, the window of opportunity for women to secure their place as AI-fluent leaders is narrowing. While AI is projected to contribute up to 15.7 trillion dollars to the global economy by 2030, women c
Shareholder Alert: Ademi LLP investigates whether ESSA Bancorp, Inc. is obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating ESSA Bancorp (NASDAQ: ESSA) for possible breaches of fiduciary duty and other violations of law in its transaction with CNB Financial. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, ESSA Bancorp stockholders will receive CNB common stock valued at approximately $21.10 per ESSA Banco
ISG Study Says Need for Flexibility is Driving Demand for AI-Powered Payroll Platforms
STAMFORD, Conn.--(BUSINESS WIRE)-- #AI--The ISG Payroll Management Buyers Guides say the need for flexibility is driving demand for AI-powered payroll platforms.
Northern Trust Asset Management Strengthens Credit Research and High Yield Investment Expertise
CHICAGO--(BUSINESS WIRE)--Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.3 trillion in assets under management as of September 30, 2024, announced a series of appointments in the global fixed income team to further strengthen NTAM’s credit investing and fundamental research capabilities. Kevin Gaydos has joined NTAM as Head of Credit Research. He leads a team of investment analysts focused on the entire capital structure, with a focus on investment g
ESSA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of ESSA Bancorp, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of ESSA Bancorp, Inc. (NASDAQ: ESSA) to CNB Financial Corporation for 0.8547 shares of CNB common stock for each share of ESSA common stock is fair to ESSA shareholders. Halper Sadeh encourages ESSA shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. T