Goldman Moves to Unload GM Credit Card

Updated Nov. 7, 2023 5:44 pm ET Goldman Sachs plans to begin a process to unload its General Motors credit card program in another step away from its failed foray into consumer lending. The bank on Tuesday informed a group of employees within its Platform Solutions division, who work on the GM card, that a … Read more

Granite Creek Capital Raises $300 Million for Growth Investments

Nov. 7, 2023 6:30 am ET|WSJ Pro Granite Creek Capital Partners has raised $300 million to back midsize companies with minority growth investments as the private-equity firm looks to prosper from a time when many business owners are reluctant to sell outright. Chicago-based Granite Creek said it wrapped up its third fund above the $250 million … Read more

Westpac Announces Buyback, Raises Dividend Following Strong Results

SYDNEY—Westpac said its annual net profit rose by 26% underpinned by growth in key divisions, with the company launching a 1.5 billion Australian dollar (US$980 million) share buyback and increasing its dividend. Westpac, one of Australia’s major banks, said its net profit totaled A$7.2 billion in the 12 months through September. That was in line … Read more

Lumen Technologies Pushes Out Debt Maturity With Agreement

Lumen Technologies has reached a deal with a group of creditors to push out maturities of its debt and secure additional financing. The Denver-based telecommunications company said Tuesday that the group of creditors, which hold more than $7 billion of the company’s debt, had reached a transaction support agreement. Copyright ©2023 Dow Jones & Company, … Read more

Bond Rout Drives 10-Year Treasury Yield to 5%

Listen to article (2 minutes) A deepening selloff in the U.S. bond market drove the yield on the 10-year U.S. Treasury note to 5% for the first time in 16 years, marking a milestone that has rattled stocks, lifted mortgage rates and fueled persistent fears of an economic slowdown.  A critical driver of U.S. borrowing … Read more

Health Care Roundup: Market Talk

Find insight on Bristol Myers, IHH Healthcare and more in the latest Market Talks covering the Health Care sector. Source link

Accolade Partners Raises $325 Million to Back Venture Funds Led by Women, Minorities

The investment firm led by Joelle Kayden has collected $325 million to invest in venture and growth-equity funds run by minority and female managers.  Source link

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article (2 minutes) Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall … Read more

The New Kings of Wall Street Aren’t Banks. Private Funds Fuel Corporate America.

Listen to article (2 minutes) Hyland Software, a business software company based in Ohio, relied on Credit Suisse for years to arrange billions of dollars in loans. After the Swiss bank collapsed in March, Hyland switched tracks and borrowed $3.4 billion from a little-known investment firm, Golub Capital, and others that specialize in a Wall … Read more

Companies Borrow Against Their Assets in an Uncertain Economy

Some finance chiefs under pressure from rising costs are switching to asset-based loans from cash-flow loans, bankers say. Source link