CIT

Ready Capital Announces 103% Increase in SBA 7(a) Loans Year to Date and Names Gary Taylor as CEO of ReadyCap Lending

Retrieved on: 
tisdag, maj 21, 2024
CIT, USDA, RCL, Lehman Brothers, SBA, LSP, Capital, Acquisition, Knowledge, RC, Management

In addition to this milestone, RCL is pleased to announce the appointment of Gary Taylor as its new CEO.

Key Points: 
  • In addition to this milestone, RCL is pleased to announce the appointment of Gary Taylor as its new CEO.
  • With over 25 years of extensive experience in SBA lending and operations, Mr. Taylor brings a wealth of knowledge to his new role.
  • Tom Capasse, CEO of Ready Capital, expressed his enthusiasm for the future, stating, "RC is committed to becoming the most cost-effective and borrower-friendly originator of SBA loans.
  • In a separate development, Ready Capital will announce the acquisition of Madison One, a leading USDA and SBA originator.

Amphenol Corporation Completes Acquisition of CIT Business From Carlisle

Retrieved on: 
tisdag, maj 21, 2024
Mobile, Wireless, Networks, Other Defense, General Health, Technology, Defense, Semiconductor, Audio, Video, Automotive Manufacturing, Aerospace, Manufacturing, Health, Corporation, Amphenol, Environment, CIT, Carlisle Companies, Acquisition, CSL

Amphenol Corporation (NYSE: APH) today announced it had completed the acquisition of the Carlisle Interconnect Technologies (CIT) business from Carlisle Companies Incorporated (NYSE: CSL).

Key Points: 
  • Amphenol Corporation (NYSE: APH) today announced it had completed the acquisition of the Carlisle Interconnect Technologies (CIT) business from Carlisle Companies Incorporated (NYSE: CSL).
  • “The acquisition of CIT enhances Amphenol’s product offerings for highly engineered harsh environment interconnect solutions and will enable us to deliver a more comprehensive technology offering for our customers in the commercial air, defense and industrial markets,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt.
  • Amphenol expects the CIT business to be approximately $0.02 accretive to 2024 earnings per share, which excludes acquisition-related expenses.
  • Once the Company’s recently announced 2-for-1 stock split is effective, this would translate to accretion of approximately $0.01 per share in 2024.

Ansley Park Capital Bolsters Leadership Team with Key Appointments

Retrieved on: 
tisdag, maj 14, 2024
Professional Services, Technology, Manufacturing, Software, Finance, Asset Management, Machinery, Sponsor, CIT, Barclays, Goldman Sachs, Bank of America, Bank, Senior, Wang, Human, GE Capital

Prior to joining Ansley Park, Wang served in key credit risk roles within Barclays' Leveraged Finance Division and Goldman Sachs' Risk Division.

Key Points: 
  • Prior to joining Ansley Park, Wang served in key credit risk roles within Barclays' Leveraged Finance Division and Goldman Sachs' Risk Division.
  • Wang's return to the team marks a significant milestone, having previously been part of the group during its tenure at CIT.
  • “I am thrilled to be welcoming Zilong back to our team,” commented Eric Miller, President and Chief Executive Officer of Ansley Park Capital.
  • I look forward to leading the Sponsor team and establishing Ansley Park as the premier equipment financing platform for sponsor owned companies,” said Gay.

AllianceBernstein Expands Retirement Income Offerings with AB Secure Income Portfolio

Retrieved on: 
torsdag, maj 9, 2024
CIT, Insurance, AB, Retirement, Nationwide Mutual Insurance Company, AllianceBernstein, Life insurance

NASHVILLE, Tenn., May 9, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE: AB), a leading global investment firm with $759 billion in assets under management, today announced the expansion of its retirement income offerings with the AB Secure Income Portfolio.

Key Points: 
  • NASHVILLE, Tenn., May 9, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE: AB), a leading global investment firm with $759 billion in assets under management, today announced the expansion of its retirement income offerings with the AB Secure Income Portfolio.
  • The AB Secure Income Portfolio is a professionally managed option that seeks to provide income for life* and higher exposure to growth assets in retirement years than with typical target-date funds, while also providing participants liquidity and access to their assets.
  • The AB Secure Income Portfolio has been a component of AB's Lifetime Income Strategy for more than a decade.
  • For more information on the AB Secure Income Portfolio, visit our website .

TIAA and Nuveen Lifetime Income Default Target-Date Offerings Approach $35 Billion in AUM

Retrieved on: 
torsdag, maj 2, 2024
Investment, NLI, CIT, SIA, Life, History, Consultant, Retirement, TIAA, AUM, Growth, Empower, Life insurance

NEW YORK, May 2, 2024  /PRNewswire/ -- Assets in TIAA and Nuveen's suite of lifetime income target-date solutions across corporate, educational, governmental, and healthcare retirement plans are now approaching $35 billion in AUM, far surpassing assets in any other comparable lifetime income products in the market. TIAA has a broad suite of lifetime income-embedded target-date solutions to meet institutional clients' needs, including TIAA RetirePlus, the TIAA Secure Income Account (SIA) and the Nuveen Lifecycle Income CIT Series (NLI). TIAA is the leader in lifetime income whose mission it is to provide a more secure retirement to millions more Americans with the assurance of a retirement paychecki that lasts for life.

Key Points: 
  • NEW YORK, May 2, 2024 /PRNewswire/ -- Assets in TIAA and Nuveen's suite of lifetime income target-date solutions across corporate, educational, governmental, and healthcare retirement plans are now approaching $35 billion in AUM, far surpassing assets in any other comparable lifetime income products in the market.
  • TIAA has a broad suite of lifetime income-embedded target-date solutions to meet institutional clients' needs, including TIAA RetirePlus , the TIAA Secure Income Account (SIA) and the Nuveen Lifecycle Income CIT Series (NLI).
  • NLI was launched in August 2023 and this funding represents a robust start to the joint efforts of Nuveen and TIAA to expand access to lifetime income solutions across the defined contribution retirement market.
  • "As we have demonstrated with the rapidly accelerating demand for TIAA RetirePlus , TIAA is uniquely positioned to help solve America's retirement crisis.

Gordon Brothers Welcomes Mark Bohntinsky as Global Head of Credit

Retrieved on: 
torsdag, maj 2, 2024
Gordon Brothers, CIT

Boston, May 02, 2024 (GLOBE NEWSWIRE) -- As Gordon Brothers, the global asset experts, continues to expand its lending business, the firm has welcomed Mark Bohntinsky as Global Head of Credit.

Key Points: 
  • Boston, May 02, 2024 (GLOBE NEWSWIRE) -- As Gordon Brothers, the global asset experts, continues to expand its lending business, the firm has welcomed Mark Bohntinsky as Global Head of Credit.
  • Bohntinsky oversees Gordon Brothers’ credit quality, setting portfolio strategy and partnering with key lending stakeholders globally, including Kyle Shonak , Head of North America Lending, to expand the firm’s capital base and pursue a wider array of lending opportunities.
  • Prior to joining Gordon Brothers, he was the head of asset management for asset-based lending at Truist Securities.
  • “We are delighted to welcome Mark to Gordon Brothers,” said Norma Kuntz, Chief Executive Officer at Gordon Brothers .

Wrap Technologies, Inc. Provides Update on Operations and Timing to Report Financial Results

Retrieved on: 
måndag, april 15, 2024
Pain, NOT, Single-camera setup, Virtual reality, CIT, Wrap, Partnership, Artificial intelligence, Water police, Development, Operational efficiency, Form 10-K, Bank statement, Growth

The Company is also pleased to share operational highlights from recent quarters and confirms that no financial restatements are anticipated.

Key Points: 
  • The Company is also pleased to share operational highlights from recent quarters and confirms that no financial restatements are anticipated.
  • Wrap currently expects to release fourth quarter and full year 2023 results in the coming weeks, followed by its first quarter 2024 earnings.
  • Additional information and disclosures would be required for a more complete understanding of our financial position and results of operations as of December 31, 2023.
  • Further, these results are not necessarily indicative of the results to be expected for the remainder of the year or any future period.

Christine Lagarde: Unlocking the power of ideas

Retrieved on: 
tisdag, april 23, 2024
CHIPS, Reproduction, International Energy Agency, Friends, Face, Learning, Theodore Roosevelt, CIT, The New York Times, Printing, History, Pleasure, Commerce Clause, Frankfurt, Artificial intelligence, Commerce, Wine, Congo, European Commission, Rail transport by country, USD, Inflation, Courage, Speech, Congress, Liberty, Hidden champions, ECB, Gibbons v. Ogden, Shock, Diffusion, Observation, Communication, International Monetary Fund, Ambition, GDP, Coal, IEA, McKinsey & Company, Electricity, EDS, European University Institute, Public policy, CHIPS and Science Act, Research, News, AI, EMU, Competition (economics), Robotics, Oxford University Press, Single market, Machine learning, Book, Australian Strategic Policy Institute, Solow–Swan model, European Central Bank, Democratic republic, Brain, Growth, Brookings Institution, European Council, Supreme, Steel, Natural Resources, Society, University of Chicago Press, Literacy, Necessary, Life, Diplomacy, Heart, Optimism, Economic growth, European Investment Fund, Renewable energy

Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.

Key Points: 
  • Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.
  • The housing cost burden has, however, increased slightly for both renter and mortgage households at the upper end of the income distribution.

CLOVER CARBON EXCHANGE Launches "Clover Infinity" App to Promote Sustainable Living

Retrieved on: 
måndag, mars 18, 2024
Carbon, CRT, Philosophy, CIT, CCE, Organic, App Store (iOS/iPadOS), Behavior, Google Play, Ecosystem, IOS, Android

New York, NY, March 18, 2024 (GLOBE NEWSWIRE) -- In efforts to advance global sustainability, CLOVER CARBON EXCHANGE (CCE) announces the launch of its innovative app, "Clover Infinity."

Key Points: 
  • New York, NY, March 18, 2024 (GLOBE NEWSWIRE) -- In efforts to advance global sustainability, CLOVER CARBON EXCHANGE (CCE) announces the launch of its innovative app, "Clover Infinity."
  • CLOVER CARBON EXCHANGE (CCE) has been a crucial player in global carbon neutrality efforts through carbon trading, but its mission extends beyond to creating a sustainable ecosystem.
  • Paul Newman, Chief Strategic Officer of CLOVER CARBON EXCHANGE, stated, "We believe that everyone's small steps can aggregate into global strides."
  • CLOVER CARBON EXCHANGE believes in the capacity for everyone to effect change, and Clover Infinity is the key to unlocking that potential.

Morningstar Report Reveals Collective-Investment Trusts Poised to Overtake Mutual Funds in Target-Date Strategies in 2024

Retrieved on: 
tisdag, mars 26, 2024
Finance, Public Relations, Investor Relations, Communications, Professional Services, Asset Management, Report, Vanguard, Research, CIT, BlackRock, Morningstar, Inc., T. Rowe Price, Fidelity, Retirement, Consultant, Capital Group Companies, Financial adviser

“Investors in target-date strategies largely experienced positive returns in 2023, after the market turmoil of 2022.

Key Points: 
  • “Investors in target-date strategies largely experienced positive returns in 2023, after the market turmoil of 2022.
  • CITs now represent 49% of the market and are on pace to overtake mutual funds as the most popular target-date vehicle this year.
  • Vanguard, T. Rowe Price, and BlackRock have the majority of their assets in CITs, while Fidelity and American Funds have a larger asset base in mutual funds.
  • Morningstar today published a Fund Spy article on Morningstar.com that reviews the latest ratings for target-date fund series covered by Morningstar analysts, available here .