trending Market Intelligence /marketintelligence/en/news-insights/trending/WOtM7MF4L5a9lXfefbuezA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Berkshire Hills to record Q3 charge related to loan in default

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Berkshire Hills to record Q3 charge related to loan in default

Berkshire Hills Bancorp Inc. will record a charge-off on the full balance of a loan relationship determined to be in default as a result of potentially fraudulent activity by the borrower and related interests.

Berkshire Hills will take an after-tax charge of about $12 million, or 23 cents per share, to third-quarter net income. Unit Berkshire Bank owned an interest with an approximate balance of $16 million in the loan. The company said it has no other lending or deposit exposure to the borrower.

In a September research note, Sandler O'Neill analysts Mark Fitzgibbon and John LaViola suspected the borrower is MyPayrollHR, based on the size of the loan and the timing of the event.