Of Interest

Major Banks Said to Get Fed Approval to Return Capital

Bloomberg said Citigroup, Morgan Stanley, Goldman Sachs and JPMorgan Chase won approval from the Federal Reserve for their plans to return capital to shareholders. Bank of America got a conditional pass requiring it to resubmit its plan. read more

Element Financial Declares Quarterly Preferred Share Dividends

Element Financial said its board of directors declared a quarterly dividend on each of three classes of its five-year rate reset preferred shares. read more

SunTrust: Business Leaders Ready for Growth

Eighty-four percent of business owners and company decision makers are seeking growth opportunities, according to the annual Business Pulse Survey sponsored by SunTrust. read more

Beacon Funding Recognized with Complaint Free Award

Beacon Funding said it received a 2014 Complaint Free Award from the Better Business Bureau for “superior performance in the area of ethical business practices.” read more

SBA Launches Online Tool to Match Lenders with Entrepreneurs

The SBA announced it would launch a first of its kind tool on the agency’s website that will allow entrepreneur looking for a small business loan to get matched with a SBA lender. read more

1st Source Bank Wins Second Customer Advocacy Award

The MSR Group announced that 1st Source Bank is the recipient of its APECS Customer Advocacy Award, Midwestern Region for the second consecutive year. read more

CIT, OneWest Say Merger Would Benefit Poor Neighborhoods

According to a report that appeared in the Los Angeles Times, the chief executives of CIT and OneWest Bank said the planned merger would be good for poor neighborhoods. read more


Noesis Adds $25MM to Energy-Related Project Financing

Lending marketplace Noesis said it added a fifth lender to its syndicate of capital providers that will add another $25 million of lending capacity. read more

Bloomberg: U.S. Banks Hoard $2T of Bonds

Bloomberg reported that banks keep plowing their burgeoning deposits into U.S. government and related debt, pushing the industry’s holdings past $2 trillion instead of lending it out. read more

monitordaily Launches New Video Feature on Website

Xander Media Group announced the launch of a new feature on its monitordaily website that will include YouTube videos that have been reviewed and selected for posting on the hompage. Beginning the week of February 23, the resident journalists at... read more

First American EF Ranked One of 20 Great Workplaces in Financial Services

First American Equipment Finance was named to the new “Great Rated! People’s Picks: 20 Great Workplaces in Financial Services,” listing by GreatRated.com and Fortune.com. read more

OFR: JPMorgan Scores Highest on Systemic Risk Scale

According to a report issued by the Treasury Department’s Office of Financial Research on the systemic importance of the largest U.S. banks, JPMorgan Chase scored highest with a systemic risk score of 5.05. read more

Monitor to Observe Presidents’ Day

The Monitor and monitordaily office will be closed on Monday, February 16 in observance of Presidents' Day. read more

Former CIT Exec Cherry Joins Compliance Risk Concepts

Compliance Risk Concepts announced Elin Cherry has joined the firm as principal and head of capital markets and Roland Reyes as director of professional services. Cherry was previously director and head of Business Unit Compliance for CIT. read more

GE Capital: Fundamentals of Airline Industry to Remain Intact

In a report on the aerospace and defense industries, GE Capital notes that the factors underpinning the positive fundamentals of the global airline industry are expected to remain intact during 2015. read more

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