Treasury Secretary Geithner said in a letter to senior lawmakers that the Treasury would shortly begin to undertake "extraordinary measures" authorized by law to postpone the date the U.S. would otherwise default on its legal obligations. read more

DEC 27, 2012 - 7:15 am

According to an article that appeared in the Press Herald, cellphone providers are installing transmission towers in church steeples and leasing them back to the wireless companies. read more

DEC 27, 2012 - 7:10 am

Merchants Leasing, a division of the Merchants Automotive Group, announced it has gone live with the LeaseWave technology platform from Odessa Technologies. read more

DEC 20, 2012 - 7:10 am

Bloomberg is reporting that Bank of America has amassed $64 billion of mortgages that are at least six months delinquent, more than twice the amount held by its four largest competitors combined. read more

DEC 19, 2012 - 7:30 am

Ainscough Crane Hire was acquired by affiliates of TPG Special Situations and Goldman Sachs. The company also said it secured a $170 million asset-based lending facility. read more

DEC 19, 2012 - 7:20 am

Stability of the eurozone and global systemic market risk, along with the prospect of increased regulatory oversight, are weighing most on businesses' outlook, according to a recent BNY Mellon survey. read more

DEC 17, 2012 - 7:30 am

GE announced it raised the company’s quarterly dividend for the fifth time in three years. The company also said it increased its existing share-repurchase authorization by $10 billion. read more

DEC 17, 2012 - 7:10 am

The Fed has proposed rules requiring foreign banks with a significant U.S. presence to create an intermediate holding company over their U.S. subsidiaries. read more

DEC 17, 2012 - 7:00 am

The Monitor has released its 2012 industry sector edition. Inside the issue, IDC's Joe Pucciarelli shares his deep knowledge of IT leasing and finance and De Lage Landen's Tom Meredith discusses the global food and Ag business. read more

DEC 13, 2012 - 9:50 am

TIP Capital said it has upgraded its IT platform by deploying a private cloud hosted at The Markley Group's flagship data center located in Boston. read more

DEC 13, 2012 - 7:05 am

Bloomberg reported that JPMorgan Chase was pressed by U.S. regulators to strengthen investor disclosures on proprietary trading almost a year before a wrong-way bet on credit derivatives cost the bank $6.2 billion. read more

DEC 12, 2012 - 2:05 pm

The Treasury Department said it has agreed to sell all of its remaining shares of AIG with expected proceeds of $7.6 billion. Giving effect to this offering, the overall positive return on the government’s investment of $182.3 billion is now $22.7 billion. read more

DEC 12, 2012 - 7:00 am

The Financial Times reported that U.S. banks have increased their holdings of structured financial products to the highest level since 2009 in an effort to boost profits. read more

DEC 10, 2012 - 7:20 am

Citigroup said it will eliminate more than 11,000 jobs that will result in about $1 billion in fourth-quarter charges. In a related story, Bloomberg notes that Wall Street’s cost cuts and dismissals are far from over. read more

DEC 6, 2012 - 7:25 am

The FDIC reported that insured bank third-quarter earnings of $37.6 billion were up $2.3 billion compared to the same period in 2011 and was the highest quarterly total reported by the industry since Q3/06. read more

DEC 6, 2012 - 7:15 am