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CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business, working in conjunction with its Sponsor Finance group, served as lead arranger on senior secured credit facility for von Drehle Corporation, a leading maker of high quality paper towel, tissue and dispensing products. von Drehle, headquartered in Hickory, North Carolina, used the proceeds to refinance debt and for general corporate purposes. “The global pandemic has increased public understanding about the importance of cleaning and sanitation, and von Drehle has the...

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Now is the time to ‘President-proof’ your investments, warns the CEO of one of the world’s largest independent financial advisory and fintech organizations. The warning from Nigel Green, chief executive and founder of deVere Group, comes with just 84 days to go until the U.S. Presidential election on November 3. Democrat former Vice President Joe Biden currently looks the likely victor against President Donald Trump. Mr Biden has led in poll after poll nationally and...

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Danel AI Score App is a stock selection solution, powered by Artificial Intelligence, which rates S&P 500 and STOXX 600 stocks according to their probability of outperforming the market. Proprietary AI algorithms calculate a predictive global score, using all the information available on the market. Moreover, to adapt to different asset management styles, specific scores are provided for Fundamental, Technical and Sentiment indicators.

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Citi has entered into an alliance with BlackRock, through its Aladdin® business to enhance the delivery of securities services to Citi’s clients who utilize the Aladdin end-to-end investment management platform. Connecting to Aladdin Provider, Citi will provide outsourced middle office services directly on a client’s instance of Aladdin for seamless integration with their front office, from trade confirmation to post settlement reconciliation. “We are thrilled to join BlackRock’s Aladdin Provider network,” said Sanjiv Sawhney, Global Head...

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