Of Interest

Fed’s Williams Sees Rate Rise as Economy Recovers

Bloomberg reported that the Fed’s San Francisco president John Williams said the U.S. will likely raise interest rates later this year as the economy recovers from a weak first quarter. read more

CLFP Adds 10 Members after Successful ALFP

The Certified Lease & Finance Professional (CLFP) Foundation held its first Academy for Lease & Finance Professionals (ALFP), hosted by Banc of California, and ten individuals successfully passed the CLFP exam. read more

Monitor to Observe Memorial Day

The Monitor and monitordaily office will be closed on Monday, May 25 in observance of Memorial Day. We will return on Tuesday, May 26 to bring you our coverage of the equipment leasing and finance industry. read more

GE: $350MM Locomotive Deal at Risk if Ex-Im Bank Closes

Reuters reported that GE would lose a $350 million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the U.S. Export-Import Bank. read more

CIT: Are Middle Market Companies Hedging Interest Rate Risk?

In its latest piece of market intelligence, CIT group head Neil Wessan observes that with the possibility of rising interest rates, middle market companies are potentially leaving themselves exposed to higher costs of capital in the future. read more

Wharton/UofP: GE Capital Sale ‘Been Worth the Wait’

University of Pennsylvania, Wharton School management professor Michael Useem said the idea of a GE Capital sale “has been under discussion for a long time. It was better for GE to wait to get a good price, and it’s been worth the wait.” read more

WSJ: GE to Sell Japan Commercial Finance Operation

The Wall Street Journal reported that GE is putting its $5 billion Japanese commercial finance operation up for sale. read more

Banks Have Advantage Over PE Firms in GE Antares Bidding

In a post, The Deal notes that private equity firms with designs on GE Antares might find themselves at a disadvantage versus conventional banks since they already operate as Systemically Important Financial Institutions. read more


WSJ: GE Capital Bidders Said to Sign ‘Nonhire’ Clause

The Wall Street Journal reported GE has decided to keep its employees locked up by asking bidders for the GE Antares business to sign a “nonhire” clause. read more


CIT Provides Financing to Brooklyn Waterfront JV

CIT said its Real Estate Finance group provided a $57.5 million senior secured loan to a joint venture between RedSky Capital, JZ Capital and other investors to acquire property along the Brooklyn waterfront. read more

Preston Hollow Expands Muni Origination Platform

Preston Hollow Capital announced it closed on a $175 million equity investment commitment from Trident VI and its affiliate Stone Point Capital to expand its municipal finance specialty origination platform. read more

Banking Panel to Weigh Regulatory Relief from Dodd-Frank

Bloomberg reported that the U.S. Senate Banking Committee plans to consider legislation next month to seek restrictions on the Fed while freeing small and regional banks from parts of the Dodd-Frank Act. read more

NYT: Investment Bankers Will Feel the Pain of GE Capital Spinoff

The New York Times notes in a report that shrinking GE Capital will keep M&A practitioners busy for a while, but borrowing by the financial giant has been the biggest moneymaker for investment bankers over the last 15 years. read more


DLL Releases Circular Business Model White Paper

DLL announced it launched a new white paper, “Realizing Opportunities of a Circular Business Model”, to provide practical guidance for business leaders preparing for the circular economy. read more

GE Capital Will Look Like a Captive in 2018

In a research report, Zacks Equity noted the only financial operations that will be retained by General Electric will include verticals like GE Capital Aviation Services, Energy Financial and Healthcare Equipment Finance. read more


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Terry Mulreany
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