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How SVB's collapse triggered a rollercoaster weekend at Upgrade Silicon Valley Bank (SVB) was the obvious choice as banker for San Francisco-based consumer loans company Upgrade when Renaud Laplanche founded the firm in 2017. Like so many financial technology companies, German neobroker Nextmarkets raised capital in 2021 on a wave of optimism. Nextmarkets chief executive Manuel Heyden, who co-founded the firm with his brother Dominic in 2014, tells Euromoney that the firm has valuable assets, notably its tech stack. As the deal drought continues, industry insiders warn more fintech firms risk running out of money in 2023 - perhaps including some of the larger consumer-facing firms. [Extracted from the article]

South Korea is allocating W420 trillion ($314bn) to support green investments and climate financing in the country. The Financial Services Commission has partnered with commercial banks and financial institutions to accelerate the country's energy transition. The funds will be used for policy loans, a future energy fund, and a climate technology fund. The policy financial institutions will increase their annual green funds supply by 67% on average to finance the W420 trillion. The future energy fund will be drawn from contributions made by the banking sector and will support the development of green infrastructure and renewable energy projects. The climate technology fund will provide support to companies developing new climate technologies. The Ministry of Environment is also implementing measures to boost green investment, including upgrading green taxonomy and improving the emission trading scheme. [Extracted from the article]

Atlas Renewable Energy has closed a $289 million financing for the company's BESS del Desierto project in Chile, marking the company's first financing for standalone batteries in Chile. [ABSTRACT FROM AUTHOR]

Indian non-banking finance company, Shriram Finance, has issued a $750 million senior secured social bond. The bond has a coupon of 6.625% and a maturity of 3.25 years. The proceeds from the bond will be used for onlending and other financings in accordance with the issuer's social finance framework and the external commercial guidelines of the Reserve Bank of India. The bond sale was coordinated by several global banks, including Barclays, BNP Paribas, Citibank, DBS Bank, Deutsche Bank, HSBC, Emirates NBD Capital, MUFG, JP Morgan, Standard Chartered Bank, and SMBC Nikko. [Extracted from the article]

Urjit R. Patel, former governor of the Reserve Bank of India, is leaving his position as vice president for investment operations at the Asian Infrastructure Investment Bank (AIIB) due to family health matters. His last day with the bank will be on January 31, 2024. Rajat Misra, director general of Infrastructure Region 1, has been appointed as the interim vice president until a permanent replacement is found. Patel had been overseeing operations in South Asia, the Pacific Islands, and Southeast Asia since joining AIIB in June 2022. He has extensive experience in infrastructure sectors, including previous roles at Reliance Industries and the Infrastructure Development Finance Company. [Extracted from the article]

RIVE Private Investment (RIVE) has secured a €300 million ($323m) financing package to support its rail business partnership with Northrail. The funds will be managed through RIVE's Transportation Assets Income Fund and will be used to purchase locomotives from Siemens, Alstom, and Vossloh. These vehicles will be leased to European operators by Northrail. The financing was provided by KfW IPEX-Bank, Crédit Agricole, Société Générale, and Siemens Financial Services. The rail sector is seen as an attractive segment for banks and investors due to its significant financing needs for fleet renewal and maintenance. [Extracted from the article]

Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said. [ABSTRACT FROM AUTHOR]

Spanish developer Grenergy plans to invest €2.6 billion ($2.8 billion) in renewable energy and storage projects across Latin America, the US, and Europe by 2026. The company will allocate €1.5 billion to its solar portfolio and €800 million to battery storage. Grenergy aims to reach 5GW of installed solar capacity and 4.1GWh of energy storage by 2026. The company plans to finance its growth by selling a portion of the capacity it develops, with a target of offloading 350 to 450MW of solar capacity and 1GWh of storage per year. Grenergy will focus a significant portion of its investment in Chile, where it plans to invest $1.4 billion in five phases over the next 36 months. The company has started construction on the Oasis de Atacama project, which will be the largest storage project in the world. Grenergy also aims to double its renewable capacity in the US, increasing its pipeline from 4.7GW to 10GW by 2026. [Extracted from the article]

Freshfields advised on the winning deal for IFLR's Middle East Awards 2023 M&A deal of the year [ABSTRACT FROM AUTHOR]

DLL, the Rabobank-owned asset finance company for equipment and technology, has partnered with Sunstone Credit to provide a loan platform for solar and battery storage assets. [ABSTRACT FROM AUTHOR]

Renewables company Green Genius has secured €7 million in financing from Latvian bank Citadele Bank to build a solar PV and battery power plant in Lithuania. The plant will be located at the Svyturys-Utenos alus brewery owned by Carlsberg and will provide 100% renewable energy as an energy-as-a-service solution. The project, called InnoSolveGreen, has already received €2.6 million in funding from the EU Innovation Fund. The facility will have a 6.5MW solar energy capacity and a 6MWh battery energy storage system capacity. The project is expected to be operational by 2025. [Extracted from the article]

Credit card company increases size of second ABS with classes 'C' and 'D' almost eight times oversubscribed [ABSTRACT FROM AUTHOR]

Spanish developer Solarpack has landed a $176.6 million senior financing package for the company's San Martín solar plant in Peru. [ABSTRACT FROM AUTHOR]

Credit scoring company signs new five year facility and welcomes a new bank [ABSTRACT FROM AUTHOR]

Uy was the managing director and head of power, energy, and infrastructure at MUFG, promoted in July 2021. David Uy has joined Marubeni Asian Power Singapore as senior financial adviser from MUFG. [Extracted from the article]

Bank's first senior print draws book of $3.45bn [ABSTRACT FROM AUTHOR]

Experienced management team, good credit story entice investors to finance company's inaugural deal [ABSTRACT FROM AUTHOR]

Ana Helena Farinha and Tiago Martins de Oliveira of Cuatrecasas say that the intragroup financing of Portuguese companies could be affected by a rule that is out of kilter with several other EU jurisdictions [ABSTRACT FROM AUTHOR]

Point-of-sale finance company Sunlight Financial Holdings has been acquired by a consortium of solar investors, including but not limited to a Greenbacker Capital Management affiliate, Sunstone Credit, IGS Ventures, and its secured lender, Cross River Bank. [ABSTRACT FROM AUTHOR]

Texas-based brokerage The Woodlands Financial Group (TWFG) is preparing for an IPO in 2024, with JP Morgan and Morgan Stanley as lead bookrunners. This would be the first broking IPO in the US market in over two and a half years. TWFG has experienced significant growth over the years, with annual double-digit organic growth and several acquisitions. The company comprises TWFG General Agency, TWFG Premium Finance Company, and The Woodlands Insurance Company. [Extracted from the article]

The rating follows a $25mn debt financing for the company in June last year. [ABSTRACT FROM AUTHOR]

Electric Hydrogen (EH2) has completed a $380 million series C financing to accelerate the company's manufacturing and deployment of its green hydrogen system. [ABSTRACT FROM AUTHOR]

Issuers need alternatives beyond the securitization market, say panelists at DealCatalyst event [ABSTRACT FROM AUTHOR]

The article focuses on several aspects of capital concerns faced by financial services industry in Latin America. It mentions that payments, remittances and lending companies make up close to half of Mexico's fintech startups, while offerings in back-office technology for financial institutions are growing quickly as a segment.

The Swiss bank wants to become the leading European corporate finance house in North America after revamping its business, but history suggests this will be a tough target to achieve [ABSTRACT FROM AUTHOR]

Cboe Global Markets has said it will launch in the third quarter of next year Europe's first "pan-European central counterparty" for securities finance transactions in European cash equities and exchange-traded funds. Cboe to launch first "pan-European" securities finance clearing house Through establishing a new CCP clearing and settlement service for securities finance trades, Cboe Clear Europe aims to help clients navigate the new rules and avoid the capital liabilities associated with bilateral securities finance trades. [Extracted from the article]

Hochtief PPP Solutions has this month (January 2022) moved up Stuart Gibbs to director of finance in charge of the company's projects in the UK and Ireland. In his new role, Gibbs is primarily responsible for supervising and executing the financial, accounting and fiscal aspects of Hochtief's operational PPP projects in the UK and Ireland, as well as all project-related SPVs and holding companies. [Extracted from the article]

The article presents information on Euros financial institutions. Banesto Financial Products PLC is a Portuguese commercial bank, but as a comparatively rare issuer it did not come under pressure because of the recent heavy issuance from Iberian borrowers. The book was well diversified with 46 accounts on board.

The article focuses on the capital market performance of Brazilian financial companies and investment banks. The companies and investment banks of Brazil have registered upwards performance in the capital markets. According to Dealogic, Brazilian issuers raised $8.9 billion from 28 deals upto mid-August of 2006. The performance has emerged in the unstable period for emerging markets due to geopolitical instability and increasing oil prices.

Presents information on international bonds issued by several finance companies in April 2005. Japan Finance Corp. for Municipal Enterprises; Kfw; Deutsche Telekom.

Presents information on international bonds issued by several finance companies as of March 2005. Swedbank; TCNZ Finance Ltd.; KfW; Swiss Re America Holding Corp.

Presents information on international bonds issued by several finance companies as of March 2005. Scottish Power PLC; Washington Mutual Inc.; Bendigo Bank Ltd.; Banca Intesa Spa.

This article analyzes the implications of the Mitsubishi Tokyo Financial Group Inc. takeover deal for M&A practices in Japan. The past year has seen a number of developments in the M&A arena in Japan, such as the Steel Partners' bids for Yushiro Chemical and Sotoh, and restructurings of Daiei and Kanebo led by the Industrial Revitalization Corporation of Japan. There has also been progress toward legal reforms that will make it easier for foreign companies to use their publicly traded stock as a currency for acquisitions. The transaction is notable not only for its strategic importance in the Japanese financial services industry, but also for the ensuing takeover battle and what it suggests about changing M&A andlitigation practices among leading corporations in Japan.

Presents news briefs on the financial services industry as of March 19, 2004. Details of the acquisition of Community First Bankshares by U.S.-based BNP Paribas; Information on the corporate reorganization at Citigroup; Re-alignment of the financial business of ING in Asia.

In asset-backed multi-issue structured finance vehicles — such as vehicles issuing under repackaging programmes — one of the core structuring features is to ensure that each series of notes issued to investors is properly ring-fenced. Amendments to the Companies Law in the Cayman Islands late last year has created a statutory alternative to contractual ring-fencing through the use of segregated portfolio companies. The purpose of this article is to explain, in summary, the current methods of ring-fencing and a segregated portfolio company.

Presents an update on the global bond issues of several financial companies and corporations as of May 16, 2003. American Express Co.; Capital One Bank; Old Mutual Capital Funding LP; Citigroup Inc.; Banque PSA Finance; Land Nordrhein Westfalen; BCP Finance Bank Ltd.

The Financial Services and Markets Act 2000, which came into force on December 1, 2001 (a date commonly referred to as N2), created a regulatory regime for the Great Britain financial services industry, including a disciplinary and enforcement structure. Looking purely at the number of enforcement cases that have come through the system, the first year of the enforcement regime may not appear to have been particularly prolific. This is partly because of the time it typically takes for a case to be concluded (several months or more), partly a result of the clearing out exercise that took place just before N2, and partly because of the Financial Services Authority's (FSA's) initial focus on sorting out its internal processes and accommodating the regime.

Presents the views of several executives of finance companies on the year 2000 and their outlook for the year 2001. Ronald de Leeuw, managing director at ABN Amro company; Tim Ritchie, head of global loans at Barclays Capital company; Julian van Kan, head of loan syndication & trading at BNP Paribas company.

Examines the status of the multilateral trade negotiation (MTN) market in Europe in 2000. Information on the finance companies which have reorganized their MTN operations; Factors that lead to the decline of the MTN market; Analysis of the status of MTN.

Assesses the growth of mortgage backed securities (MBS) deals in Europe in 2000. Factors that lead to the growth of MBS; Information on the finance companies which engaged in MBS transactions; Overview of the MBS market.

Looks at how the high yield bond market was affected by the decline of technology, media and television (TMT) market in 2000. Expected performance of TMT market in 2001; Discussion on the status of TMT market; Information on the investment transactions of several finance companies in the TMT market.

Examines the manner of development of electronic-bond issuance and trading in 2000. Information on finance companies which engaged in electronic-bond issuance and trading; Features of electronic-bonds issuance and trading; Advantages of electronic-bonds.

Comments on the status of the financial services industry in 2000. Views on the emergence of high technology businesses; Discussion on the success of the telecommunication industry; Analysis of the status of finance companies.

Spain's Enerfín has landed a loan to finance the construction of the company's first solar project in Colombia. [ABSTRACT FROM AUTHOR]

Banks are looking to ChatGPT-style technologies and quantum computers to improve efficiency [ABSTRACT FROM AUTHOR]

The FDIC said that as of December 31, 2022, the bank had approximately $209bn in total assets and about $175.4bn in total deposits. [ABSTRACT FROM AUTHOR]