Today’s News

Caterpillar Announces Hoerr’s Retirement, New VPs

Doug Hoerr, vice president of the material handling and underground division of Caterpillar, has decided to retire from the company. read more

GASB Establishes Single Approach for Reporting Leases

The Governmental Accounting Standards Board issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. read more

Priority One Hires Homan as Vice President of Finance

Dave Homan was named vice president of finance for Priority One Financial Services. read more

Fifth Third Adds Two Relationship Managers to Equipment Financing Group

Fifth Third added two regional relationship managers, Robin Harmon and Mike Duffy, to its commercial equipment financing group. read more

Santander Names Co-Presidents, Rubino to Head Commercial Banking

Santander has named Robert Rubino co-president of the bank and managing director, head of Corporate and Commercial Banking. Michael Cleary, current head of Consumer and Business Banking, has been appointed co-president of the bank. read more

EY Lease Accounting Survey Shows Challenges and Opportunities

According to a EY survey of CFOs and CIOs, only 27% are confident that their companies are on track to meet critical milestones in complying with the new lease accounting standard. read more

NJ Court Vacates $1.4MM in Attorney Fees in Equipment Lease Dispute

Law360 reported that a New Jersey appeals court ruled to throw out a fee award of more than $1.4 million in attorney’s fees to the counsel of Tangible Secured Funding in an equipment lease dispute. read more

Disruption Brings Opportunities and Risk to the Middle Market

A Capital One Commercial Bank study revealed that middle-market companies expect disruption but may be unprepared for the potential downside. read more

Global Forklift Truck Market to Grow 7.01% by 2021

According to a new report from Research and Markets, the global forklift truck market will grow at a CAGR of 7.01% from 2017 to 2021. read more

IronPlanet Holds Four Day End-of-Quarter Online Auctions

IronPlanet is holding an end-of-quarter auction event this week. The auction began on June 27 and will run until June 30. read more

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