Of Interest

Tablet Purchases by Businesses to Triple by 2016

Research firm Gartner said in 2016, two-thirds of the mobile workforce will own a smartphone, and 40% of the workforce will be mobile. Tablets will be the key accelerator as purchases by businesses will more than triple by 2016, to reach 53 million. read more

Monitor, ABF Journal Mourn the Passing of Crystina Bianco

Xander Media Group announced that after a two-year bout with cancer, one of its own, Crystina Bianco, who spent 18 years with the company, passed away at the age of 43. read more

MetLife to Sell $70B Portfolio to JPMorgan Chase

MetLife announced an agreement to sell its $70 billion mortgage servicing portfolio to JPMorgan Chase. The insurer was advised on the deal by K&L Gates, Milestone Advisors and Deutsche Bank Securities. read more

GreatAmerica Leasing Launches Info-Zone Mobile App

GreatAmerica Leasing said it has launched Info-Zone mobile, an app designed to help sales people submit credit applications, calculate a payment and gain quick access to customer information while in the field. read more

Bloomberg: JPMorgan Sues London Whale’s Boss

Bloomberg reported that JPMorgan Chase sued the executive responsible for supervising Bruno Iksil, the trader nicknamed the London Whale, for market-moving wagers at the division responsible for a $6.2 billion trading loss. read more

CSI Leasing Goes Live With Odessa Technologies' LeaseWave

CSI Leasing has gone live in the U.S. and Canada with LeaseWave from Odessa Technologies. read more

Bloomberg: Traders Suspended as Probe Goes Past LIBOR

Bloomberg reported that UBS and Royal Bank of Scotland suspended more than three traders in Singapore as regulators investigating LIBOR-rigging turn their attention to the rates used to set prices on foreign exchange derivatives. read more

A Bank CEO Thrives Far From Wall Street

Bloomberg noted in an article that PNC Financial’s CEO Jim Rohr has the longest tenure and best performing stock among a roster of 17 financial institutions. read more

Nine More Banks Subpoenaed Over LIBOR

According to the Wall Street Journal, state prosecutors from New York and New Jersey have issued subpoenas to nine additional banks bringing the total number of subpoenas in the LIBOR probe to 16. read more

IVECO Capital Adds Cassiopae Leasing Software

Cassiopae, an asset finance and asset portfolio management software provider, said that the French companies of the IVECO Capital Group are now live on its Cassiopae V4 lease and loan management software. read more

WSJ: CEOs Call for Deficit Action

The Wall Street Journal reported that chief executives of more than 80 big-name U.S. corporations are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases and spending cuts. read more

CFO: Looming Fiscal Cliff Speeds Mergers

CFO reported that the potential expiration of the Bush tax cuts and the projected economic fallout from federal government tightening have business owners highly motivated to complete pending sales before the end of 2012. read more

WSJ: U.S. Stocks Lose $500 Billion in Three Days

The Wall Street Journal reported that investors have been disappointed with reports of lackluster earnings and forecasts, which has led to a decline in the value of U.S. stocks of some $500 billion in just a few days. read more

Regulator Urges Small Bank Exemption from Basel III Rules

Bloomberg reported that New York banking superintendent Benjamin Lawsky said capital ratio requirements being considered by federal regulators should be eased for community banks with less than $10 billion in assets. read more

Monitor Launches Mobile Apps to Expand Distribution

Xander Media Group announced the launch of its new native Apple and Android apps, which will expand the scope and scale of Monitor and monitordaily media platforms to include total mobility features for anytime, anywhere delivery to tablets and smartphones. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com