AUSTIN, Tex. -- Tracor Inc., a defense electronics company, said it amended its current credit agreement, lowering loan interest rates and enabling the company to complete acquisitions more easily. Tracor's term and revolving loan interest rates were reduced 75 basis points, and interest on letters of credit facilities was lowered 100 basis points. In addition, the amended agreement permits the company to make certain acquisitions without the approval of its bank lenders.
-
While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
6h ago -
The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
7h ago -
GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
9h ago -
As banks consider their strategies, other big names are also considering a role for digital assets.
10h ago -
The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
11h ago -
Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
June 30