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A New Chapter Unfolds with Racquel Oden's Historic Appointment as Thurgood Marshall College Fund’s Board Chair

Retrieved on:

Thursday, January 4, 2024

Personal, Movement, Student, Thurgood Marshall College Fund, Supreme court, HSBC Bank, Private banking, Black, Education, Chairperson, Hampton University, Face, Thurgood Marshall, Climate, Retail, Management

This historic moment not only marks a significant step forward for TMCF but also reaffirms its commitment to equity, access, and opportunity for all.

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This historic moment not only marks a significant step forward for TMCF but also reaffirms its commitment to equity, access, and opportunity for all.
Founded in 1987 by Dr. N. Joyce Payne, TMCF has long been a bastion of support for Black students seeking higher education.
Oden's appointment as Board Chair serves as a powerful symbol of TMCF's dedication to promoting equity, particularly in the face of challenges to diversity and inclusion efforts following recent Supreme Court decisions on affirmative action.
In a climate where the importance of diversity is being challenged, TMCF's legacy of championing inclusion and equity stands out.

The Financial Communications Society (FCS) Announces Opening of the 30th Annual FCS Portfolio Awards

Retrieved on:

Tuesday, January 2, 2024

Digital Marketing, Other Communications, Public Relations, Investor Relations, Media, Marketing, Content Marketing, Advertising, Communications, HSBC Bank, Intelligence, FCS, Prudential Financial, Creativity, Fintech, Morgan Stanley, Invesco, Financial adviser

The Financial Communications Society (FCS) proudly announces the opening of the prestigious FCS Portfolio Awards, marking its monumental 30th year in celebrating creative excellence in financial marketing, communications and media.

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The Financial Communications Society (FCS) proudly announces the opening of the prestigious FCS Portfolio Awards, marking its monumental 30th year in celebrating creative excellence in financial marketing, communications and media.
Starting January 2, 2024, financial services and fintech marketing professionals are welcome to submit their best work from 2023.
For three decades, the FCS Portfolio Awards have recognized the most creative, strategic, and impactful campaigns across financial sectors.
"We are thrilled to commemorate 30 years of the FCS Portfolio Awards," said Kevin Windorf, CEO of FCS.

Global Trade Finance Market Analysis Report 2023-2030: International Trade Finance Gains Momentum - Navigating Complex Regulations and Legal Systems - ResearchAndMarkets.com

Retrieved on:

Tuesday, November 28, 2023

In the early stages of international trade, exporters often faced uncertainty regarding whether and when importers would settle payments for their goods.

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In the early stages of international trade, exporters often faced uncertainty regarding whether and when importers would settle payments for their goods.
Conversely, importers were hesitant to make upfront payments for goods due to uncertainties surrounding the shipment of goods by the seller.
In October 2022, IFC and HSBC Bank joined forces to facilitate trade finance for Emerging Market Issuing Banks.
Consequently, the pandemic accelerated the modernization of trade finance practices, enhancing the industry's agility and responsiveness to evolving global trade dynamics.

Six One Commodities Successfully Expands and Renews Revolving Credit Facility

Retrieved on:

Tuesday, November 28, 2023

Banking, Professional Services, Finance, Facility, Todeschini, 61C, MUFG Bank, HSBC Bank USA, Société Générale, Investment banking, Financial management, Valley Bank, HSBC Bank, Wells Fargo, Renewable energy

Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).

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Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).
The Facility includes a $300 million accordion feature, bringing total capital available to $1 billion.
Benjamin Sutton, 61C’s CEO, commented: “This refinancing, achieved amidst a challenging credit environment, underscores our lending partners' confidence in 61C's performance and growth potential.
“Their commitment, particularly within a tight credit market, is testament to 61C's robust financial management and strategic vision.

Click Therapeutics Secures $20 Million Debt Financing from HSBC

Retrieved on:

Monday, November 6, 2023

Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics™ as prescription medical treatments, today announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A.

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Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics™ as prescription medical treatments, today announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A.
The term loan was partially drawn at closing, with the proceeds used to retire Click’s previous term loan.
“The last few years have been a period of tremendous growth for Click, and we could not be more excited to partner with HSBC Innovation Banking, a leader in the innovation economy,” said Randall Stanicky, Chief Financial Officer of Click Therapeutics.
Click is also progressing its lead internal program for the preventive treatment of migraine with pivotal data expected in 2024.

Courier Capital, LLC Promotes James E. Iglewski to President, Thomas J. Hanlon to Executive Vice President of Wealth Management and Co-Chief Investment Officer

Retrieved on:

Tuesday, October 24, 2023

As President, Mr. Iglewski, who most recently served as a Senior Managing Director with Courier Capital, will assume oversight of the firm’s core operations.

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As President, Mr. Iglewski, who most recently served as a Senior Managing Director with Courier Capital, will assume oversight of the firm’s core operations.
As Executive Vice President of Wealth Management and Co-Chief Investment Officer, Mr. Hanlon, who served as President since 2016, will continue to provide strategic direction as well as focus on researching and monitoring Courier Capital’s mutual fund and exchange traded fund investment platform.
Both Mr. Iglewski and Mr. Hanlon will continue to serve on the firm’s investment committee and manage investment portfolios for institutional and high-net-worth clients.
“Courier Capital’s well-earned reputation for fiduciary excellence and personalized, high-touch service spans more than five decades,” said Martin K. Birmingham, President and Chief Executive Officer of the Company.

Racquel Oden Appointed TMCF Board Chair

Retrieved on:

Thursday, October 12, 2023

WASHINGTON, D.C., Oct. 12, 2023 (GLOBE NEWSWIRE) -- During Thurgood Marshall College Fund’s bi-annual Board of Directors meeting on September 23rd, Racquel Oden, head of wealth and personal banking for HSBC Bank U.S.A., was appointed Board Chair-Elect.

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WASHINGTON, D.C., Oct. 12, 2023 (GLOBE NEWSWIRE) -- During Thurgood Marshall College Fund’s bi-annual Board of Directors meeting on September 23rd, Racquel Oden, head of wealth and personal banking for HSBC Bank U.S.A., was appointed Board Chair-Elect.
“As a member of the TMCF board for the past 16 years and an HBCU alum, I've experienced first-hand the pivotal role we play in nurturing future leaders & providing access,” Oden said.
In addition to serving as TMCF's board chair, Oden serves on the Boards of Directors for the Apollo Theater, New York City's Prep for Prep, and The New York City Police Foundation and on the National Board of Directors.
Oden lives with her husband and daughter in Long Island, New York.

Calfrac Announces Extension and Amendment of Credit Facilities

Retrieved on:

Friday, September 29, 2023

Well, Calfrac Well Services, HSBC Bank, Canadian Western Bank, Face, Toronto Stock Exchange, Bank statement, HSBC Bank Canada, Primary Dealer Credit Facility, Sale, CFW, ATB Financial, EBITDA, Times interest earned, Toronto-Dominion Bank, Hydrocarbon, Security (finance), Bank

CALGARY, Alberta, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. ("Calfrac" or “the Company”) (TSX-CFW) is pleased to announce that it has entered into an agreement with a syndicate of Canadian financial institutions which amends and extends its credit facilities (the “Credit Facilities”).

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CALGARY, Alberta, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. ("Calfrac" or “the Company”) (TSX-CFW) is pleased to announce that it has entered into an agreement with a syndicate of Canadian financial institutions which amends and extends its credit facilities (the “Credit Facilities”).
As at June 30, 2023 the Interest Coverage Ratio and Total Debt to EBITDA ratio from continuing operations would have been 7.93:1.00 and 1.04:1.00, respectively.
Calfrac’s Chief Financial Officer, Mike Olinek, commented: “We are pleased to report an extension of the Company’s Credit Facilities with a newly configured lending syndicate consisting of four major financial institutions.
Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells with continuing operations focused throughout western Canada, the United States and Argentina.

Financial Institutions, Inc. Announces Controller Retirement and Internal Appointment

Retrieved on:

Wednesday, September 20, 2023

Over the succeeding six months the responsibilities of the Controller function will be transitioned to Sandra L. Byers, who has been promoted to Deputy Controller effective October 2, 2023.

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Over the succeeding six months the responsibilities of the Controller function will be transitioned to Sandra L. Byers, who has been promoted to Deputy Controller effective October 2, 2023.
Ms. Dumbleton has served as Controller of the Company and Bank since 2006.
She previously served as Corporate Secretary of the Company and Bank from 2013 to 2018.
She held various positions in finance, accounting and internal audit at Five Star and its predecessor banks from 1984 to 2005.

Arçelik announces Eurobond issue of $400 million

Retrieved on:

Wednesday, September 20, 2023

HSBC Bank, BNP Paribas, JPMorgan Chase, Citigroup, Security (finance)

ISTANBUL, Sept. 20, 2023 /PRNewswire/ -- Arçelik, a leading global home appliance manufacturer, has issued a $400 million Eurobond with a maturity date of September 25, 2028. The issuance was executed through the intermediation of JP Morgan, BNP Paribas, Citigroup, and HSBC Bank. This transaction stands out as the first Eurobond issuance undertaken by a private sector company from Türkiye since January 2022.

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Arçelik has successfully issued Eurobond with a total value of $400 million, marking the first Eurobond issuance by a private sector company from Türkiye in almost two years
ISTANBUL, Sept. 20, 2023 /PRNewswire/ -- Arçelik, a leading global home appliance manufacturer, has issued a $400 million Eurobond with a maturity date of September 25, 2028.
This transaction stands out as the first Eurobond issuance undertaken by a private sector company from Türkiye since January 2022.
Our $400 million Eurobond issuance represents a significant milestone that not only mirrors investor confidence but also supports our company's robust financial performance.
Arçelik had previously issued a green bond worth €350 million with a five-year maturity in 2021, becoming the first real sector company in Türkiye to issue green bonds in the international markets.