The Federal Reserve Board released the results of its annual bank stress test, that demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession. read more

JUN 29, 2023 - 7:17 am

Mitsubishi HC Capital America has experienced significant growth in rental financing for dealer-owner and dedicated rental fleets, with year-over-year increases of 150% to 550% among some of its clients. read more

JUN 28, 2023 - 6:51 am

According to the Asset-Based Lending Index by the Secured Finance Network, combined (bank and non-bank) business lenders’ confidence stayed slightly positive during Q1/23 at 50.3 points, although that was a 5.8-point decline from Q4/22. read more

JUN 27, 2023 - 7:16 am

According to the Equipment Leasing and Finance Association, overall new business volume in the equipment finance industry in May was $9.5 billion, up 1% year over year from new business volume in May 2022. read more

JUN 26, 2023 - 7:05 am

According to the Equipment Leasing & Finance Foundation‘s June 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall, confidence in the equipment finance market is 44.1, an increase from the May index of 40.6. read more

JUN 22, 2023 - 7:01 am

According to the results of TD Bank’s 2023 Small Business Survey, inflation was identified as one of the top business concerns impacting small businesses, with others including employee retention and management, product shortages and keeping up with competition.  read more

JUN 21, 2023 - 6:56 am

The Federal Reserve announced on Wednesday that it will maintain the target range for the federal funds rate at 5% to 5.25%, noting that economic activity and job gains have expanded since it last raised rates in early May. read more

JUN 15, 2023 - 6:04 am

The RSM US Middle Market Business Index (MMBI), presented by RSM US in partnership with the U.S. Chamber of Commerce, eased to 131.3 in the second quarter, down modestly from 134 in the first quarter on a seasonally adjusted basis. read more

JUN 8, 2023 - 7:02 am

Small business loan approval rates at big banks slipped again in April, falling from 13.8% in March to 13.5% in April, according to Biz2Credit’s Small Business Lending Index. read more

MAY 9, 2023 - 7:07 am

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 5% and 5.25% on Wednesday, marking a quarter point increase and its third such move of 2023 and 10th since it began its efforts to curb rising inflation last March. read more

MAY 4, 2023 - 7:14 am

The Federal Deposit Insurance Corporation released an internal review evaluating its supervision of Signature Bank. According to the review, “the root cause of [Signature Bank’s] failure was poor management.” read more

MAY 1, 2023 - 7:12 am

Citizens announced its national Citizens Business Conditions Index (CBCI) rose to 53.9 in Q1/23, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends. read more

APR 27, 2023 - 6:57 am

Equipment and software investment growth cooled in the early months of 2023, with the Equipment Leasing & Finance Foundation lowering its annual forecast for investment growth to 1%, according to the Q2 update to its 2023 economic outlook. read more

APR 19, 2023 - 6:57 am

Citing a report from the Federal Reserve, Reuters reported that between March 29 and April 5, U.S. commercial bank deposits rose, while there was a slight decline in loans and leases. read more

APR 17, 2023 - 7:09 am

According to a survey from FTI Consulting, 71% of lenders believe that the probability of a U.S. recession in 2023 or 2024 is material (54%) or likely (17%), with only 11% believing that real U.S. GDP growth in 2023 will exceed 2%. read more

APR 17, 2023 - 7:03 am