Convention Issue 2007
October
Storm Watch
The Good, the Bad and the Modest
By Darryl Seland
The Monitor sat down with PNC’s senior economist Robert Dye to help navigate through the potential economic warning signs of recent months, and discuss what lies in store for equipment lessors/lenders as they prepare to say goodbye to 2007 and head into a new year.
Being a Proactive Lessor in a Changing Equipment Financing Environment
Lessons to Lead By
By Paul A. Larkins
In a financial world that is constantly changing, the successful equipment financing company must not only roll with the punches but also anticipate where the punches will come from. In this article, Key Equipment’s Paul Larkins addresses several key topics every lessor should consider when facing the equipment financing marketplace of the future.
U.S. Bancorp Specialty Finance
Specialization Inspires Increase in Customer Service, Future Growth
By Amanda Gutshall
In October 2006, U.S. Bancorp announced it was combining five of its units into a Specialty Finance Division, providing increased and specialized service to its customers in those sectors. Sal Maglietta was appointed to run the division, which includes equipment finance, asset-based lending, healthcare banking, energy and food/agriculture banking.
Industry Veteran to Lead U.S. Bank Equipment Finance
By Amanda L. Gutshall
Global Credit Crisis Creates Financial Hurricane Leaving No Asset Class Unscathed
By Ricardo S. Chance
If the National Hurricane Center were to name a hurricane after the global credit crisis that has ravaged the markets over the past several weeks, it would be called “Lester Leverage” — a storm so strong it wipes out billions of dollars of value and sends investors running for cash shelters only to find the doors locked.
Equipment Leasing & Finance Association
An Interview With Kenneth E. Bentsen Jr.
By Stuart P. Papavassiliou
The Monitor asked Ken Bentsen to speak about his first year as president of the Equipment Leasing and Finance Association. Predictably, he had a great deal to tell us. To sum it up: it’s been a productive year for the association as it takes itself to the next level.
Recent Market Correction Could ‘Shake Out’ Irrational Competition, Industry Leaders Say
By Stephen J. McCabe
With a long-expected market correction underway, tighter credit and vanishing liquidity are pressuring consumers and borrowers throughout the economy. But are these challenges necessarily a bad thing for leasing companies? A variety of leaders in the equipment finance industry share their insights.
FASB/IASB Lease Accounting Convergence
By Bill Bosco
MagnetBank Opportunities Attract Industry Veteran
By Amanda Gutshall
With more than 28 years on the institutional side of the equipment finance and leasing business, industry veteran Bill Fite has switched gears. In June, he was hired by MagnetBank, a de novo Utah-chartered commercial bank focused exclusively on commercial lending, to establish a national equipment finance group.
Strategic Partners International Fraud
Political Fundraiser Implicated in Sale/Leaseback Scam
By Christopher Moraff
In August, a federal grand jury filed numerous charges including money laundering, bankruptcy fraud and obstruction of justice against Alan B. Fabian, the founder of Strategic Partners International and a former co-chair to Republican presidential hopeful Mitt Romney’s election committee, in the latest fraud scandal to hit the news.
Issues Impacting Lessors’ Pricing and Profitability
By Bill Bosco
Are external and internal factors affecting your ability to meet your established targets? Lessors deal with these issues on a day-to-day basis, and no matter what precautions you take, there will always be new issues to solve. Bill Bosco offers insight into how to work around the factors that impact profitability and growth.
International Leasing
What to Expect When Establishing Opportunities in China
By Monitor Staff
As the world turns to a more global economy, it is important to keep your options open — especially in areas such as China and India that are working toward establishing equipment leasing industries. Here, we take a look at the opportunities in China and what newcomers can expect from that mysterious land in the Far East.
Funding in 2007
Full Retinal Detachment
By Dale Kluga
Gaining Insight From an Unlikely Source: Business Lessons Learned From Dakota, My Golden Retriever
By Michael A. Toglia
Although man’s best friend can be a loving and fulfilling companion and confidante, your favorite pooch can also teach you a thing or two about the business world and how it works. That’s exactly what Molloy Associates’ Mike Toglia found while spending more than a decade with his beloved dog, Dakota.
Le-Nature’s Fraud & Bankruptcy Case Stumbles On
By Christopher Moraff
GE Buyout of PHH Faces Uncertainty
By Christopher Moraff
Supreme Court Overrules Ninth Circuit’s Fobian Rule on Attorneys’ Fees in Bankruptcy
By Lesley Anne Hawes
The United States Supreme Court yet again reversed a decision of the Ninth Circuit Court of Appeals and resolved a conflict among the circuit courts regarding the allowance of attorneys’ fees in bankruptcy litigation. Columnist Lesley Hawes discusses the court’s process in the case of Travelers Casualty & Surety Co. v. Pacific Gas & Electric Co., and how this decision will affect future litigation.
Perform the Proper Due Diligence When Documenting Your Claim on a Title Certificate
By Kenneth P. Weinberg
Lessors of over-the-road trucks may find themselves becoming inventory lessors. This installment warns lessors to keep a close eye on certificates of title when another party is subleasing leased trucks. To sublease, Weinberg says, requires more due diligence than simply noting your interest on a certificate of title.
