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For firms with shakier finances that often borrow money not only through banks but also with high-yield debt, signs of stress in the system may inflict even more pain.
May 4
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Underwriting league tables of asset-backed securities through May 4, 2023
May 4 -
Issuance volume of asset-backed securities for the year through May 4, 2023
May 4 -
The Federal Reserve chair said he holds himself accountable for ensuring proper regulatory and supervisory changes are enacted in response to recent bank failures.
May 3
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Actual shipping vessel usage dropped to less than 70% during the COVID-19 pandemic, but its utilization rate only slipped to 98.4% during the pandemic.
May 3
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Meanwhile, the average purchase loan amount surged to its highest level in 2023, showing signs of continued demand amid limited inventory.
May 3
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All told, Icahn's fortune sank by an unprecedented 41% to $14.6 billion, according to the wealth index, dropping him from the world's 58th-richest person to the 119th.
May 3
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Although the company reported a loss, executives expressed confidence in its funding and liquidity.
May 2
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Underlying loans fell into higher credit tiers this time around, a result of ongoing tightening in the sponsor company's origination strategies.
May 2
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At the embattled Republic First Bancorp, elevated legal, professional and audit fees also contributed to a nearly $10 million in first-quarter loss but CEO Thomas Geisel reports signs of progress moving past "legacy headwinds."
May 2
