Of Interest

WSJ: Senate Ties Funding Ex-Im Funding to Highway Bill

According to the Wall Street Journal, the Senate pushed forward a measure over the weekend to tie an extension of the Export-Import Bank with transportation legislation that must be passed by the end of the week. read more

Element, Quick Bridge to Receive ELFA Awards

Element Financial and Quick Bridge Funding will both receive the Operations and Technology Excellence Award, which will be presented by the Equipment Leasing and Finance Association at its Operations Technology Conference in September. read more

Wells Fargo Most Valuable Bank on Planet

According to a Zacks Research report, Wells Fargo has officially surpasses the Industrial and Commercial Bank of China to become the world’s most valuable money lender. read more

GE Capital CDF CEO Comments on Sale of Business

The head of GE Capital’s Commercial Distribution Finance business, Steve Battreall, comments on the rationale for why GE is selling its CDF business and what it will mean to its many customers. read more


WSJ: Wells Still In Tough Competition For GE Capital Assets

According to the Wall Street Journal, Wells Fargo remains interested in acquiring parts of the GE Capital portfolio, even against elevated competition from non-banks. read more

LaSalle Holds Steady in Monitor 100

For the second straight year, LaSalle Solutions has been ranked 93rd on the 2015 Monitor 100 list, a ranking of the top 100 equipment finance and leasing companies in the United States. read more

Justice Department Blocks GE, Electrolux Deal

The Justice Department filed an antitrust lawsuit to stop Electrolux from buying GE’s appliance business. Official says “proposed acquisition would leave millions of Americans vulnerable to price increases.” read more

U.S. Bank Honored as Best Trustee at Annual Securitization Awards

U.S. Bank was named the “Best Trustee” at GlobalCapital’s annual U.S. Securitization Awards. read more

The Hill: Impending Transport Funding Deadline Approaches

The Hill has reported that highway programs could be shut down in August if Congress doesn’t agree on a multi-year transportation bill by the end of next month. read more

Boeing 747 Sales Face Slump as Ex-Im Funding Ends

Bloomberg reported that after months of struggle in Congress, the charter for the U.S. Ex-Im bank is set to expire, eliminating a source of financing for aircraft orders from Boing’s overseas customers. read more

Greece Closes Banks, Imposes Capital Controls

Bloomberg reported the government of Greece shut its banks and imposed capital controls in an overnight announcement aimed to prevent the collapse of its financial system. Greece sent shock waves through credit markets after the government shut its banks and... read more

Signature Bank Average Rating “Buy” from 14 Firms

The shares of Signature Bank have received an average rating of “buy” from the fourteen ratings firms that are presently covering the company. read more

Macquarie Mandated Advisor on ZeoGas’s Project Debt

ZeoGas announced it has mandated Macquarie Capital to serve as its financial advisor for the arrangement of non-recourse project financing debt in relation to its first proposed plant located in the upper Gulf Coast. read more

Baker Hughes: Rig Counts Down 53% Year/Year

Correction: This morning we reported according to Baker Hughes that the latest rig count for the week ending May 29, 2015 was 875, down 113% from 1,866 a year earlier. The correct percentage should have been 53%, not 113%. Monitordaily regrets this error. read more

JPMorgan, BofA Said to Plan Job Cuts to Trim Expenses

Bloomberg reported JPMorgan Chase and Bank of America are planning job cuts to contain expenses as revenue stagnates in a prolonged era of low interest rates. read more

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