Of Interest

LeaseQ Offers New Online Options for Equipment Leasing

LeaseQ announced its entry into the equipment leasing market with its new online comparison shopping site, LeaseQ.com. LeaseQ said it is a source for instant leasing quotes from finance companies. read more

Capital Relay Unveils Network to Link Brokers, Lenders

Capital Relay announced it has developed a proprietary software network designed to connect finance brokers and lenders across the country. read more

Bloomberg: RBS Instant Messages Show LIBOR Rates Skewed

Bloomberg reported that RBS trader Tan Chi Min told colleagues the firm was able to move global interest rates, citing court filings and transcripts of internal RBS instant messages that were included in an affidavit filed by Tan. read more

SBA Increases Size Standards for Rental & Leasing

The U.S. Small Business Administration issued three final rules increasing size standards for firms in three NAICS sectors including rental and leasing businesses. read more

SBA Proposes Size Standard Revisions in Three Sectors

The SBA said it is seeking comment on two proposed rules published this week that would revise the small business size definitions for businesses in three NAICS sectors. read more

Buffett GE Bet Pays Off Topping Warrant Strike Price

Bloomberg reported that GE’s gain of more than 20% this year is validating Warren Buffett’s $3 billion wager that the industrial giant would rebound after the financial crisis. read more

WSJ: Businesses Are Sweet Spot for Banks

The Wall Street Journal reported that commercial and industrial loans outstanding jumped 14% to $1.45 trillion in July. The Journal notes that the growth rate is twice as fast as gains in overall bank credit. read more

We're Moving! Monitor, ABF Journal Relocating to New Digs

Xander Media Group (XMG), publisher of the Monitor and ABF Journal, is excited to announce it is moving to a new location, effective Monday, September 17, 2012. In preparation for the move, the company will close its office in Wayne, PA at 11 a.m. on Friday, September 14. read more

Asset Finance Software Provider Cassiopae Launches Website

Cassiopae, a provider of software for asset finance and asset portfolio management, said it launched its new multi-language website that highlights its product offerings for leasing, lending, real estate and fleet management. read more

U.S. Said Set to Target First Non-Bank Firms for Scrutiny

Bloomberg is reporting that U.S. regulators are set to choose the first non-bank companies likely to be branded potential risks to the financial system. GE Capital has said it expects to be named systemically important. read more

HP Reorganization Job Cuts Expanded to 29,000

In a regulatory filing, HP said under its reorganization plan announced in May, it now estimates that it will eliminate 29,000 positions through fiscal year 2014. HP had earlier estimated 27,000 job cuts. read more

De Lage Landen’s Analytics Guru Sets Out on Kayak Journey

De Lage Landen’s Fal de Saint Phalle, vice president and manager of decision analytics – Regions Americas, is celebrating his recent retirement by kayaking down the Intracoastal to reach his Florida home by Thanksgiving. read more

Treasury Sale of AIG Stock Could Cut Stake to 15%

AIG announced that the Treasury Department has launched an offering of $18 billion of its AIG common stock. As a result of the offering, the government could reduce its holdings to as little as 15% from 53%. read more

Bloomberg: JPMorgan Said to Face Escalating Senate Probe

Bloomberg reported that JPMorgan's wrong-way bets on derivatives are the focus of an escalating investigation by a U.S. Senate panel that has grilled executives from banks including Goldman Sachs and HSBC Holdings, citing people briefed on the inquiry. read more

Barclays Terminates Exec, Trader in LIBOR Scandal

Reuters reported that Barclays formally notified the Financial Industry Regulatory Authority that it has discharged executive Ritankar Pal and derivatives trader Dong Kun Lee for their involvement in the ongoing investigations into the manipulation of the LIBOR. read more

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Terry Mulreany
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