Of Interest

ISM: Procurement Execs Don’t Foresee Brexit Disruption, Remain Cautious

Following Great Britain’s vote to exit the European Union, the Institute for Supply Management released a supplement report assessing the effect of the vote on the manufacturing and non-manufacturing sectors. read more

GE Completes Sale of Asset Management Business to State Street

GE completed the sale of GE Asset Management, the company’s investment management arm, to State Street. read more

Financeit Gets $30MM to Support Securitization of Loans

Financeit, a point-of-sale financing platform, signed a credit facility agreement with ClearFlow Commercial Finance. ClearFlow will provide a revolver of up to $30 million to support the securitization of loans. read more

Chris Walker Education Fund Offers $10,000 in Equipment Finance Grants

The Chris Walker Education Fund board of trustees is now accepting grant applications. Applications will be accepted through July 31st. The fund will award a total of $10,000 in grants to be distributed in August. read more

Bloomberg: Pound Extends Its Record Loss in Wake of Brexit

Bloomberg reported that Sterling fell 3.5% in London, continuing the downward trajectory brought on by the UK's decision to cut ties with the European Union. read more

Dun & Bradstreet Provides Free Access to Data in Response to Brexit

In response to the Brexit, Dun & Bradstreet will provide free business credit reports to U.S. companies trying to limit risk and make intelligent business decisions during this time of uncertainty. read more

Largest Banks Pass Stress Test, Add $700B in Capital Since 2009

The Fed said results of most recent bank stress tests showed the nation’s largest banks continue to build capital levels and improve credit quality, strengthening their ability to lend during a severe recession. read more

WSJ: Brexit to Weaken U.S. Economy and Diplomatic Advantage

The Wall Street Journal reported that the Brexit is a concern to top U.S. finance officials as it will drive the dollar up, dampen exports and thwart the diplomatic advantage the U.S. has in Europe. read more

CERF Finalizes Name Change to Canadian Equipment Rentals

At its annual shareholders meeting, CERF’s proposed name change to Canadian Equipment Rentals was approved. read more

U.S. Business Logistics Costs Slow Considerably with 2.6% Growth

According to a report from the CSCMP, A.T. Kearny and Penske Logistics, U.S. business logistics costs rose to $1.48 trillion in 2015, a 2.6% increase from the previous year. read more

Global Jet Capital Releases Business Jet Leasing eBook

Global Jet Capital released an eBook titled Private Jet Leasing: The Future Way to Fly which explores the complexities associated with private jet ownership. read more

Ryder Opens Pre-Owned Commercial Vehicle Sales Facility in Calgary

Ryder System opened a pre-owned commercial vehicle sales facility in Calgary, Alberta, Canada. read more

Activist Investors May Target GE, Caterpillar, Other Industrials

According to Bloomberg, industrial giants like Caterpillar, Textron and Deere are attracting the attention of activist investors. read more

MotoLease Selects Netsol’s Mobile Payment App

MotoLease, a provider of financing solutions for the motorcycle and power sports markets, implemented NetSol’s mAccount for mobile payments and processing. read more

TD Survey Says 63% of CFOs Will Increase Capital Spending

According to a poll TD Bank conducted at the Bloomberg Breakaway Summit held in New York City, 63% of CEOs and CFOs plan to increase capital spending this year. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com