Last Week’s Top Stories

Wells Fargo Announces New Structure for International Business

Seeking to better align its international banking services with the customers they serve, Wells Fargo announced its International Group will be integrated into other Wholesale Banking business lines. read more

Equipment Leasing Confidence Reaches All-Time High

The ELFF’s monthly confidence index registered a 73.4 in December, the highest mark since the index was launched in May of 2009. read more

ELFA Reveals Top 10 Equipment Acquisition Trends for 2017

Among the ELFA’s top 10 trends to expect in 2017 are an increase in capital spending, a bolstering of business due to a more business-friendly federal policy and an end of the oil drag on the economy. read more

Trinity Capital Investment Expands Equipment Leasing Business

Venture debt provider Trinity Capital Investment is reserving approximately $200 million for the purpose of leasing equipment to early stage, venture capital-backed companies. read more

SunTrust Equipment Finance Adds Pagel to Originations Team

SunTrust Equipment Finance & Leasing named Chris Pagel vice president of Originations for the Tennessee market. Pagel previously worked at Caterpillar Financial Services. read more

Pilatus Enters Business Jet Market with KCAC Aviation

According to the Wichita Eagle, Pilatus will deliver its first business jet to KCAC Aviation in Q4/17. read more

UPS, FedEx Among Top Road Freight Transport Vendors in Coming Years

According to Technavio, UPS, FedEx Freight, J.B. Hunt Transport Services, YRC Worldwide, Swift Transportation and Schneider National will be the six leading vendors of road freight transportation from 2017 to 2021. read more

Stonebriar Closes $75MM in Equipment Leases with Big River Steel

Stonebriar Commercial Finance closed $75 million in equipment leases with Big River Steel, completed as a series of sale-leaseback transactions in September and December of 2016. read more

President of Office Equipment Leasing Company Gets Four-Year Sentence

A U.S. district judge sentenced Michael Conway to four years in prison after the former Choice Office Solutions president pleaded guilty to a fraud scheme which cost DLL and an individual investor $4.5 million. read more

Wells Fargo FY Interest Income on Lease Financing Balances up 59%

Wells Fargo interest income on lease financing average balances of $17.95 billion was $916 million in 2016, up 59% from $577 million on average balances of $12.30 billion a year earlier. read more

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