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Financial Services

Loan Market Heats up as Summer Winds Down

September 2, 2010 - Banks are planning to launch five deals totaling more than $4 billion.

Evolution Reports Profit Rise

August 27, 2010 - The firm, whose deals have included healthcare software provider EMIS and mining house Vallar, says further transactions are in the pipeline.

Oriental Trading Files Prepackaged Ch. 11 Reorg Plan

August 26, 2010 - The Omaha distributor of party supplies and hobby items says it has a prepackaged agreement in place.

Report: Lending Climate More Flexible

August 25, 2010 - The trend is also beginning to resonate favorably in other ways, Morgan Joseph said, such as lenders paying greater attention to middle market companies.

Tony Blair Starts Financial Firm

August 24, 2010 - Former British Prime Minister Tony Blair has started an investment firm, according to a filing with regulators.

Sterling Financial Gets $730M Commitment

August 24, 2010 - Sterling Financial Corp., the bank holding company of Sterling Savings Bank of Spokane, Wash., has announced agreements to raise $730 million with Thomas H. Lee Partners LP and Warburg Pincus Private Equity X LP leading a group of institutional and private equity investors.

Midwest Banc Holdings Files Ch. 11

August 23, 2010 - Midwest Banc Holdings Inc. of Melrose Park, Ill., filed for Chapter 11 protection in Chicago, three months after federal regulators closed its Midwest Bank and Trust.

Judge Approves Albuquerque Studios DIP

August 23, 2010 - Albuquerque Studios got a couple of “take fives” in its march through bankruptcy court.

Mayer Brown Promotes Griffiths To Banking and Finance Head in London

August 20, 2010 - Mayer Brown appointed Dominic Griffiths as the new head of the banking and finance group in London.

LLM Plans New Blank Check

August 20, 2010 - LLM Capital and LogistiCare veteran John Shermyen will serve as chairman and chief executive of the SPAC.

Chapter 11 Should Not Impact Ambac Policyholders

August 17, 2010 - Moody's reiterated Monday that the possible bankruptcy of Ambac Financial is unlikely to affect policyholders of its bond insurer subsidiary.

Jesup's Accounts Were Transferred Well In Advance Of Ch. 11 Filing

August 13, 2010 - Independent Portfolio Consultants, a Boca Raton, Fla., investment management firm, decided to move the trading functions of its clients’ managed accounts from Jesup & Lamont last year, well in advance of the New York broker-dealer’s Chapter 11 bankruptcy filing on July 30, a source familiar with the situation said.

U.S. Gov't Report: AIG Bailout Aided French And German Banks Most

August 12, 2010 - The U.S. share of the single AIG rescue exceeded the size of France’s entire $35 billion capital injection program and the bailout was nearly half the size of Germany’s $133 billion program.

ILFC Upsizes High Yield Deal to $4.4B

August 11, 2010 - International Lease Finance Corp. increased the size of its junk bond offering to $4.4 billion from $2.5 billion, upsizing three tranches and adding a fourth.

Jefferies & Co. Hires Private Placement Specialist

August 10, 2010 - Jefferies & Co. said it brought on Kamlesh Bhatia as a managing director responsible for private placement origination within the firm’s equity capital markets group.