HSBC Bank

Natixis Corporate & Investment Banking leads financing for $1.5 billion sustainability-linked revolving credit facility for Invenergy Renewables Operating I LLC

Retrieved on: 
Wednesday, August 2, 2023
HSBC Bank, Investment banking, Scotiabank, Senior, Banco Santander, Parent, Safety, Desjardins Group, Bank of Montreal, Health, GHG, National bank, Invenergy, Canadian Imperial Bank of Commerce, CDPQ, Energy transition, National Australia Bank, Blackstone, HSBC Bank USA, BNP Paribas, Société Générale, Lead arranger, Natural Resources, Bank, Natixis, NatWest, Rabobank, Export Development Canada, National Association, MUFG Bank, National Bank of Canada, Commerce, Renewable energy, S.A

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) has closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.

Key Points: 
  • NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) has closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.
  • "Natixis CIB is excited to deliver this landmark financing to a preeminent renewable developer such as Invenergy.
  • The successful refinance and upsize of the corporate facility adds another important milestone to Natixis CIB's longstanding relationship with Invenergy, as well as its investment partners – Blackstone and CDPQ.
  • Natixis CIB was proud to partner with the excellent team at Invenergy and an outstanding bank group to deliver this landmark financing.

Crypto Brokers Positioned to Benefit from Institutional Investor Surge: PayBito CEO Raj Chowdhury

Retrieved on: 
Wednesday, August 2, 2023
Litecoin, Crypto, Ethereum, Bitcoin Cash, Tether, Fintech, HSBC Bank, Partnership, Welfare, ETH, PALO, Ether, Broker, BlackRock, Risk management, JPMorgan Chase, Privacy, Government, Forecasting, AML, ETF, Data engineering, Digital asset, Risk, Access, As a service, Growth, BTC, KYC, Safety, Cryptocurrency, Online shopping, Bitcoin, Dogecoin, Euro, Chowdhury

PALO ALTO, Calif., Aug. 2, 2023 /PRNewswire-PRWeb/ -- PayBito CEO and noted blockchain pioneer Raj Chowdhury shared his insights on the current trends and opportunities in the crypto space, especially for crypto brokers who can leverage the increasing demand and adoption of digital assets by offering comprehensive and affordable trade solutions.

Key Points: 
  • It is expected to have a positive impact on Bitcoin and crypto adoption, driving institutional buy pressure and widespread adoption.
  • The global crypto exchange matches brokers' earnings commission and donates the total funds raised to feed malnourished children worldwide, without affecting brokers' profits.
  • Chowdhury concludes by saying that the current global events are ideal for mass crypto adoption and that crypto brokers have a vital role to play in facilitating this transition.
  • Aspiring and existing crypto brokers can join PayBito's platform and leverage its innovative solutions to create a successful and profitable business in the crypto space.

Peapack-Gladstone Bank Hires Brian J. Scherman as Senior Vice President, Director of Residential and Consumer Lending

Retrieved on: 
Monday, July 31, 2023
Bachelor of Science, HSBC Bank, Senior, Asian Private Banker, Commerzbank, First Republic, Business, JPMorgan Chase, Wharton School of the University of Pennsylvania, Financial planner, PGC, Business administration, HSBC, Pace University, FINRA, Consumer, Growth, Citibank, Chase Bank, Science

BEDMINSTER, NJ , July 31, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:  PGC) and Peapack-Gladstone Bank announce the appointment of Brian J. Scherman as Senior Vice President, Director of Residential and Consumer Lending.

Key Points: 
  • BEDMINSTER, NJ , July 31, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:  PGC) and Peapack-Gladstone Bank announce the appointment of Brian J. Scherman as Senior Vice President, Director of Residential and Consumer Lending.
  • Mr. Scherman is responsible for both residential and consumer lending, management of the loan origination team, and new business development and underwriting.
  • Prior to First Republic, Mr. Scherman served as Vice President, Citigold Relationship Manager, at Citibank and Vice President, Private Banker, at JPMorgan Chase Bank in New York, NY.
  • Additional roles in New York City included Premier Relationship Manager, HSBC Bank USA Na; Financial Planner, MetLife Securities; and Vice President, Mortgage-Backed Securities Trader, Commerzbank AG.

HSBC Bank USA, N.A. and Affiliates Raise Prime and Reference Rate

Retrieved on: 
Wednesday, July 26, 2023
Banking, Professional Services, Finance, HSBC Bank USA, HSBC Bank, Security (finance), Television

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 8.50% from 8.25%, effective tomorrow.

Key Points: 

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 8.50% from 8.25%, effective tomorrow.

Joseph W. Harpster Joins Peapack Private as SVP, Senior Credit Officer

Retrieved on: 
Wednesday, July 26, 2023
Federal Reserve Bank, HSBC Bank, Essays in Economic & Business History, Senior, Republic New York, History, MBA, PGC, HSBC Bank USA, Lafayette College, First Republic Bank, Management, Bank, Economics

BEDMINSTER, NJ, July 26, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - New Jersey holding company Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces that Joseph “Joe” Harpster has been named Senior Vice President and Senior Credit Officer at Peapack Private, a division of Peapack-Gladstone Bank.

Key Points: 
  • BEDMINSTER, NJ, July 26, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - New Jersey holding company Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces that Joseph “Joe” Harpster has been named Senior Vice President and Senior Credit Officer at Peapack Private, a division of Peapack-Gladstone Bank.
  • A veteran private banking professional, Joe joins Peapack Private from First Republic Bank, New York, NY, where since 2011, he served as Vice President, Senior Credit Officer, responsible for approving middle market, commercial and residential mortgage loans, and was a member of the bank’s Executive Loan Committee.
  • Joe has held similar executive and senior level roles at HSBC Bank USA, and Republic National Bank, both in New York.
  • Joe joins a team of private banking professionals recently hired by Peapack Private to develop and grow its presence in Manhattan and introduce its unique brand of banking and client service into the marketplace.

First Solar Secures $1 Billion Revolving Credit Facility

Retrieved on: 
Thursday, July 6, 2023
Alternative Energy, Energy, Environment, Other Energy, Sustainability, HSBC Bank, FSLR, Truist Financial, JPMorgan Chase, PNC Financial Services, First Solar, Multimedia, Research, Crédit Agricole, Carbon, HSBC Bank USA, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Standard Chartered, Growth, Citibank, MUFG Bank, Lead arranger, Renewable energy

First Solar , Inc. (Nasdaq: FSLR) announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion.

Key Points: 
  • First Solar , Inc. (Nasdaq: FSLR) announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion.
  • The facility includes up to $250 million which is available for the issuance of letters of credit.
  • J.P. Morgan Chase Bank acted as Lead Arranger and is Administrative Agent for the facility.
  • View the full release here: https://www.businesswire.com/news/home/20230706738811/en/
    First Solar, America's largest solar manufacturer, announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion.

Community Bank, N.A. Appoints President and CEO of Community Bank Wealth Management

Retrieved on: 
Friday, June 30, 2023
Finance, Banking, Accounting, Professional Services, Asset Management, HSBC Bank, Housing, Legislation, Community Bank, N.A., HSBC Bank USA, Community, Community Bank, CBU, Growth, Security (finance), Bank, NYSE, Federal Reserve Board of Governors, Financial services

Community Bank System, Inc. (NYSE: CBU) (the “Company”) today announced that Community Bank, N.A., its wholly-owned banking subsidiary (the “Bank”), has appointed Michael T. Cerminaro as the President and Chief Executive Officer of Community Bank’s Wealth Management division.

Key Points: 
  • Community Bank System, Inc. (NYSE: CBU) (the “Company”) today announced that Community Bank, N.A., its wholly-owned banking subsidiary (the “Bank”), has appointed Michael T. Cerminaro as the President and Chief Executive Officer of Community Bank’s Wealth Management division.
  • This appointment and succession reflects the Company’s long standing commitment to growth and investment in its wealth management business line.
  • With over $7.7 billion of assets under management and administration, Community Bank Wealth Management provides comprehensive asset management, strategic wealth and succession planning, trust administration and retirement plan design services across NY, PA, VT, MA and FL through the Bank’s trust department, and its subsidiaries: Community Investment Services, The Carta Group, Inc., Nottingham Advisors, Inc. and OneGroup Wealth Partners, Inc. Community Bank Wealth Management is part of Community Bank System, Inc., a financial services holding company with assets of over $15.2 billion.
  • Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU.

HSBC Leads $125 Million Refinancing Deal for Design Group

Retrieved on: 
Friday, June 23, 2023
Banking, Professional Services, Finance, SM Life Design Group, HSBC, HSBC Bank, Public sector banks in India, FDIC, National Baptist Convention, USA, Inc., Commercial bank, HSBC Bank USA, IG, Retail, Private banking, National Association, NatWest, Security (finance), Bank

HSBC Group has announced that it led a $125 million refinancing deal for IG Design Group plc (Design Group), one of the world's leading designers, innovators and manufacturers of gift packaging, celebrations, craft and creative play, stationery, gifting, and related product categories.

Key Points: 
  • HSBC Group has announced that it led a $125 million refinancing deal for IG Design Group plc (Design Group), one of the world's leading designers, innovators and manufacturers of gift packaging, celebrations, craft and creative play, stationery, gifting, and related product categories.
  • The deal was spearheaded by HSBC USA, structured by HSBC USA’s Asset Based Lending team, and supported by HSBC UK, with the bank providing a total of $75 million in funding.
  • The new asset-based revolving credit facility will allow Design Group to support its working capital requirements throughout the year and meet customer demand around peak seasonal gifting times.
  • “This deal represents an important milestone in our journey to first restore our pre-Covid performance, and then grow beyond,” said Design Group CEO Paul Bal.

Cadence Announces $200 Million Accelerated Share Repurchase Agreement

Retrieved on: 
Tuesday, June 13, 2023
Apps, Applications, Mobile, Wireless, Technology, Finance, Security, Fintech, Professional Services, Software, Internet, Data Management, HSBC Bank, HSBC Bank USA, National Association, Cadence Design Systems, ASR, Share repurchase, CDNS, Security (finance), Cadence

Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has entered into an accelerated share repurchase (ASR) agreement with HSBC Bank USA, National Association to repurchase an aggregate of $200 million of Cadence common stock.

Key Points: 
  • Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has entered into an accelerated share repurchase (ASR) agreement with HSBC Bank USA, National Association to repurchase an aggregate of $200 million of Cadence common stock.
  • Under the ASR agreement, Cadence will receive an initial share delivery of approximately 600,000 shares, with the remainder, if any, to be settled in the third quarter of 2023 upon completion of the repurchases.
  • The final number of shares that Cadence will repurchase under the ASR agreement will be based on Cadence’s daily volume-weighted average share prices during the term of the ASR agreement, less a discount.

Lightico Acquires Customer Experience Platform Vizolution as Demand Booms for Digital Customer Completion

Retrieved on: 
Monday, June 12, 2023
John Oxx, HSBC, HSBC Bank, Digital, TD, Toronto-Dominion Bank, Signature, Capital One, Organization, TEL, BNP Paribas, Acquisition, Collection, Development finance institution, GM Financial, HSBC (United Kingdom), DBW, Entrepreneurship, ROI, NatWest, Cryptocurrency, Dynamics (music)

TEL AVIV, Israel and LONDON, June 12, 2023 /PRNewswire/ -- Lightico, market-leading provider of digital customer interactions, today announced its acquisition of Europe's leading customer experience technology provider, Vizolution, which positions the joint company as the global leader in B2B2C Digital Completion for the financial services and telecom industries. With a robust, combined platform, the company enables businesses to fully engage remotely with their customers through any channel in an automated and mobile-first manner.

Key Points: 
  • Customers have seen over 80% faster turnaround times, 45% improvement in completion rates and an ROI of 360%.
  • "As customer expectations for service companies to offer seamless, digital experiences continues to soar, bringing Vizolution into the Lightico fold will result in a more robust platform devoted to helping businesses deliver world-class digital experiences," said Zviki Ben Ishay CEO and Co-Founder of Lightico.
  • The deal will combine Vizolution's transformational agent-assisted and self-serve solutions with Lightico's powerful Compliant Digital Completion Platform, including its workflow-integrated eSignature, document collection, and identification & verification services.
  • "Vizolution has been providing customer experience services to market-leading enterprises to help them transform and improve digital experiences for millions of their customers," said Bill Safran, CEO of Vizolution.