2010 Monitor 100
June
U.S. Economic & Interest Rate Outlook
Greece, Portugal & Spain Are the Least of Our Economic and Financial Challenges
By Paul L. Kasriel
In the following outlook, economist Paul Kasriel of Northern Trust’s Global Economic Research team puts the economic turmoil happening in Greece, Portugal and Spain (GPS) in perspective. Kasriel suggests we reset our collective GPS away from these troubled Euro-zone members as their problems are less likely to have a significant effect on global economic activity in the short term. The BIC countries of Brazil, India and China are a different story…
Financial Pacific Leasing
Turning a Profit in Tough Times
By Joe St. Henry
Paul Menzel, CEO of Financial Pacific Leasing, is no stranger to tough times. But with strict adherence to pricing for risk and solid funding relationships, Menzel sees Financial Pacific poised to take advantage of promising growth opportunities both today and tomorrow.
Daimler Truck Financial
A Captive ‘On a Mission’
By Stuart P. Papavassiliou
Juergen Rochert has a clear sense of purpose and, as he puts it, he and his team at Daimler Truck Financial are “there in the tough times” doing what’s right by the dealers and customers his team serves. Rochert’s career has spanned nearly three decades and covered two continents in a variety of positions, and he recently took his place as a member of the executive leadership team
Regions Equipment Finance
‘Indispensable Partner’ to Its Parent Bank
By Amanda L. Gutshall
For equipment industry veteran Bill Fite, the decision to join Regions Equipment Finance Co. (REFCO), a wholly owned subsidiary of Regions Bank, in February as EVP and head of the unit was an easy one. With a 16-state footprint, and a leadership and mission that Fite was drawn to, he now leads a unit poised to work more in tandem with its parent to not only increase market share but also to offer expanded services to its customers.
Eastern Funding
Forging Successful Relationships Backed by Hard Work, Smart Lending
By Joe St. Henry
For Michael Fanger, founder and president of Eastern Funding, LLC, the success of his commercial finance company during the past 13 years is as much a result of the relationships he has built during his career as it is hard work and smart lending.
Rumblings, Rumors & Other Rhetoric: Booking Deals & Managing Credit Risk
By Dexter Van Dango
Mystery writer Dexter Van Dango returns to the pages of the Monitor … this time reporting rumblings, rumors and other rhetoric from the front line. After all, everyone needs a little relief from the day-to-day business of booking deals and managing portfolio and credit risk now and then…
New Strategies & Tools Needed in Improving Business Climate
By Edward Castagna
As the old saying goes, be careful what you wish for. Asset managers may be gaining a new appreciation for the meaning of the phrase as they try to determine how best to handle an improving business climate — a climate that presents a new set of challenges that must be effectively handled with new strategies or tools.
Correlating Economics & Lease Accounting
How Do You Prepare for the Unknown?
By Shawn Halladay
Changes to the lessor accounting rules are imminent, although their full extent is not yet known. What is certain, however, indicates that lessors will have to adjust their operations, processes and reporting to one degree or another. Shawn Halladay asks: “Will you be ready?”
Minnesota Court Applies Article 9 Commercial Reasonableness Standard to Article 2A Equipment Lease
By Andrew K. Alper
Andrew Alper returns to discuss a recent case in which the Minnesota court drew from Article 9 commercial reasonable standards to justify its ruling in an Article 2A lease transaction when such requirements do not exist in Article 2A … not good news for lessors that don’t comply with Article 9 disposition agreements.
UCC Statutory Framework Can Benefit Funders
By Kenneth P. Weinberg
This edition of Dispatches From the Trenches analyses some of the statutory framework of the Uniform Commercial Code, which provides some comfort to funders willing to go blind … that is, don’t receive executed notices and Acknowledgments.
