The pandemic has decimated top and bottom lines for firms across virtually all verticals. And for firms carrying debt amid declining balance sheets and continued cash burn, there’s danger in triggering repayment as they violate covenants on that debt. As estimated by Moody’s Investors Service,...
JPMorgan Chase & Co. will be focusing more heavily on reviving junk-rated firms in 2020, said reports on Wednesday (Dec. 18). The bank is expecting to deliver services like planning and financing advice to help firms in danger of becoming junked to get out of...
A survey of bank officers published on Monday (Aug. 5) showed loan standards on commercial and industrial loans to both large and mid-sized firms during the second quarter of 2019 didn’t change, and standards were eased on smaller firms, according to a report by Reuters....
The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit, and fanned by a consistently slowing Chinese economy. The data from China is less than stellar, showing the slowest...
April 18, 2018
There is hardly a more difficult conversation to be had, CreditRiskMonitor CEO Jerry Flum told Karen Webster in a recent conversation, than the one the finance guys have with a sales guy about why they can’t approve shipping out a big order to a big buyer – especially if that buyer has a long-term relationship with the supplier. It is, nonetheless, a conversation that more and […]
February 23, 2024
SumUp is reportedly looking to raise 1 billion euros ($1.1 billion) from private credit lenders. The U.K. payments company would use the money to refinance existing debt, Bloomberg reported Friday (Feb. 23), citing unnamed sources. SumUp did not immediately reply to PYMNTS’ request for comment. The company’s offerings include point-of-sale (POS) card readers, cash advance through a partnership […]
December 19, 2019
JPMorgan Chase & Co. will be focusing more heavily on reviving junk-rated firms in 2020, said reports on Wednesday (Dec. 18). The bank is expecting to deliver services like planning...
August 05, 2019
A survey of bank officers published on Monday (Aug. 5) showed loan standards on commercial and industrial loans to both large and mid-sized firms during the second quarter of 2019...
May 04, 2018
Small businesses polled by online lender LendingTree expect to see savings as a result of the tax reform bill signed into law late last year, with many planning on using...
