Small business loan approval percentages at big banks (more than $10 billion in assets) fell from 13.3% in July to 13.2% in August, according to the latest Biz2Credit Small Business Lending Index. Big bank lending to small businesses has now dipped every month since June 2022. read more

SEP 12, 2023 - 7:12 am

According to new research from Kroll Bond Rating Agency, private asset-backed securities as a proportion of KBRA’s total ABS rating assignments have routinely approached or exceeded 25% of the transaction mix dating back to 2020. read more

SEP 11, 2023 - 6:59 am

According to the most recent release of PNC’s semi-annual survey of small and mid-sized businesses, business owner optimism about the outlook for their businesses in the next six months has reached a 21-year high amid strong expectations for sales, profits and demand. read more

SEP 11, 2023 - 6:57 am

There were 634 commercial Chapter 11 filings registered in August, an increase of 54% from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy. read more

SEP 6, 2023 - 7:22 am

According to the Equipment Leasing & Finance Foundation’s August Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall, confidence in the equipment finance market is 50.4, an increase from the July index of 46.4. read more

AUG 17, 2023 - 6:54 am

According to TD Bank’s 2023 Consumer Spending Index, four out of five consumers have had their spending habits impacted by inflation, with more than half turning to discounts and promotions (57%) and seeking lower-priced options (53%) to combat inflation. read more

AUG 17, 2023 - 6:45 am

Economic activity in the hospital subsector grew in July for the second consecutive month after one month of contraction preceded by 35 consecutive months of growth, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

AUG 10, 2023 - 7:01 am

Small business loan approval rates at big banks (more than $10 billion in assets) dropped from 13.4% in June to 13.3% in July, according to Biz2Credit’s Small Business Lending Index. Meanwhile, approval rates at smaller banks and non-bank lenders increased.   read more

AUG 9, 2023 - 6:52 am

Economic activity in the services sector expanded in July for the seventh consecutive month, as the Services PMI registered 52.7%, according to the Institute for Supply Management. The sector has grown in 37 of the last 38 months, with the lone contraction in December of last year. read more

AUG 4, 2023 - 7:11 am

Truck freight volume and spending in Q2/23 declined by the highest levels since the early days of the COVID-19 pandemic, according to the latest U.S. Bank Freight Payment Index. Spending by shippers dropped 10.9% in the quarter compared with Q2/233, while shipment volume dropped 9%. read more

AUG 2, 2023 - 6:59 am

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

AUG 2, 2023 - 6:55 am

Kroll Bond Rating Agency released a research report analyzing non-performing loan transactions since the global financial crisis. KBRA said that while commercial real estate non-performing loans are unlikely this year, it is possible that some could be explored for issuance next year. read more

JUL 31, 2023 - 6:47 am

The Office of the Comptroller of the Currency, the board of governors of the Federal Reserve System and the Federal Deposit Corporation issued new rule proposals that would modify large bank capital requirements and implement the final components of the Basel III agreement. read more

JUL 28, 2023 - 7:27 am

On Wednesday, the Federal Reserve announced that it will raise the target range for the federal funds rate to between 5.25% and 5.5%, marking a quarter point increase and its fourth such move of 2023 following a pause in June.  read more

JUL 27, 2023 - 6:59 am

The Equipment Leasing & Finance Foundation released its Q3/23 Equipment Leasing & Finance Industry Snapshot. The foundation projected that the U.S. economy will grow by 1.6% in 2023 but continues to expect a recession to begin before the end of the year. read more

JUL 27, 2023 - 6:55 am