Of Interest

JPMorgan 2013: “Tale of Two Cities”

In his annual shareholder letter, Jamie Dimon, chairman and CEO of JPMorgan Chase notes that the company’s 2013 performance could be characterized as the “Tale of Two Cities.” read more

Ally Financial IPO Could Raise More Than $2.7B

Ally Financial announced the pricing of its IPO of 95 million shares of common stock at a price to the public of $25 per share. The Treasury Department is expected to own 17% of Ally after the sale and recovery of $17.7 billion on its investment. read more

Bloomberg: Biggest U.S. Banks to Face Higher Leverage Caps

Bloomberg reported that the largest U.S. bank holding companies will need to round up as much as $68 billion more in loss-absorbing capital under supplemental leverage ratio rules adopted by regulators. read more

Report: Access to Capital Improving for Small Businesses

Results from the latest Pepperdine Private Capital Access Index quarterly report show access to capital for businesses of all sizes increased in Q1/14 and is the highest since the inception of the report in Q2/12. read more

Worldwide Software Market Grows to $407B in 2013

According to Gartner, worldwide software revenue totaled $407.3 billion in 2013, a 4.8% increase from 2012 revenue of $388.5 billion. read more

Fleet Advantage Launches Foundation for Kids in Need

Fleet Advantage announced it launched Kids Around the Corner, which will support children in the communities where their clients are located. The company funded an initial $80,000 donation to the foundation. read more

Capital One: Energy Independence Top Industry Trend in 2014

Fifty-six percent of energy professionals surveyed by Capital One identified U.S. energy independence as the industry trend likely to gain the most momentum this year. read more

All But One Major U.S. Bank Passes Stress Tests

According to the summary results of bank stress tests announced by the Fed, the 30 largest U.S. banks are collectively better positioned to withstand an extremely severe economic downturn than they were five years ago. read more

Olympus Financial Goes Live with Rapport Origination Software

International Decision Systems announced Olympus Financial Services is now using its Rapport origination software. read more

Ascentium Expands with New California Sales Office

Ascentium Capital announced it opened a second sales office in California. Over the past two years, Ascentium has opened offices in Massachusetts, Michigan and New Jersey. read more

Bloomberg: Fed Adopts Foreign-Bank Capital Rules

Bloomberg reported that the Fed has approved new standards for foreign banks with $50 billion of assets or more in the U.S. that will require them to hold more capital. read more

Monitor to Observe Presidents' Day

The Monitor and monitordaily office will be closed on Monday, February 17 in observance of Presidents' Day. read more

LeaseTeam Welcomes Ervin EF as New ASPIRE Customer

LeaseTeam announced that Ervin Equipment Finance has selected ASPIRE as its lease/loan management solution. read more

Pacific Rim Capital Goes Live with Odessa's LeaseWave

Pacific Rim Capital has gone live with LeaseWave lease and loan management software by Odessa Technologies. read more

Gartner: PC Shipments See Worst Decline in Market History

In 2013, global PC shipments suffered the worst decline in PC market history, declining 6.9% in Q4/13 from Q4/12, according to research firm Gartner. read more

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