According to a report from Bain & Company, wholesale bank revenue growth rates could drop to a CAGR of 2% by 2025. To address this imminent crunch, Bain & Company urges wholesale banks to seize new sources of growth, including climate finance and AI deployment. read more

FEB 22, 2024 - 6:44 am

According to a survey from Dragonfly Financial Technologies, 53% of banking executives are concerned or very concerned about their current dependency on legacy technology and rising technology debt. read more

FEB 14, 2024 - 6:19 am

Citizens Business Conditions Index rose to 51.8 in Q4/23, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the U.S. economy exited 2023 with momentum. read more

JAN 31, 2024 - 6:41 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for December was $12.5 billion, up 2% year over year, while cumulative new business volume for 2023 was up 3.9% compared to 2022. read more

JAN 24, 2024 - 6:50 am

According to Mitsubishi UFJ Financial Group (MUFG)’s 2024 economic outlook, a so-called U.S. 'soft landing' seems increasingly plausible, although MUFG’s economists are still looking for a cyclical slowdown. read more

JAN 19, 2024 - 7:07 am

The Equipment Leasing & Finance Foundation released the January 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), finding that, overall, confidence in the equipment finance market is 48.6, an increase from the December index of 42.5. read more

JAN 18, 2024 - 6:53 am

The Equipment Leasing and Finance Association revealed its Top 10 Equipment Acquisition Trends for 2024, including projections of 1.7% growth in real U.S. GDP and 2.2% growth in real equipment finance software investment. read more

JAN 17, 2024 - 6:42 am

S&P Global Ratings expects most banks to perform well and build capital in 2024, according to its 2024 U.S. bank outlook. Still, potential further declines in deposits, funding cost pressures, unrealized losses, commercial real estate exposures and economic uncertainty remain key risks. read more

JAN 16, 2024 - 7:25 am

Citizens’ 2024 M&A outlook report revealed optimism about the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. read more

JAN 11, 2024 - 7:00 am

Economic activity in the manufacturing sector contracted in December for the 14th consecutive month following a 28-month period of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management. read more

JAN 8, 2024 - 6:54 am

The asset-based lending market held steady in Q3/23 amid positive developments in the U.S. economy, such as easing inflation, strong consumer spending and a solid job market, according to data released by the Secured Finance Network. read more

JAN 5, 2024 - 6:30 am

In a 2024 outlook report, Mitsubishi UFJ Financial Group’s U.S. macro strategy team looked at the various economic scenarios for 2024, writing that the best case is a mild U.S. recession — a bumpy landing — for next year. read more

JAN 3, 2024 - 6:42 am

According to the National Federation of Independent Business, 80% of small business owners accessing credit in the last three months reported high interest rates as their largest financing complaint, a significant increase from July (58%). read more

JAN 2, 2024 - 6:47 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for November was $8.3 billion, unchanged from new business volume in November 2022 but down 19% from October. read more

DEC 21, 2023 - 6:32 am

The U.S. economy likely averted a recession in 2023 and appears to be on track for a “soft landing” in 2024, according to the 2024 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation. read more

DEC 20, 2023 - 6:58 am