Of Interest

Wells Fargo Retail Arranges $1.65B Facility for SUPERVALU

Wells Fargo Capital Finance announced its Retail Finance team underwrote, together with the other arrangers, a $1.65 billion senior secured, asset-based revolving credit facility for U.S. grocery chain SUPERVALU. read more

First Capital Provides Facility to California TrusFrame

First Capital said it provided a $12.75 million asset-based lending facility to California TrusFrame, a manufacturer of engineered and prefabricated roof-truss, floor truss and wall panels. read more

M&A Advisors, CFO Alliance Team to Serve Middle Market

The Alliance of M&A Advisors and The CFO Alliance announced a new business affiliation to better drive the individual and corporate performance of middle market companies. read more

Bloomberg: LIBOR's Trillion-Dollar Question

Bloomberg said the global investigation into the manipulation of LIBOR needs to go further noting that if the problem lasted a few years, the shortfall could be close to $1 trillion. read more

Fed to Possibly Delay Dodd-Frank Stress Test Implementation

The Fed said it is considering delaying until September 2013 the implementation of company-run stress tests required by Dodd-Frank of bank holding companies, state member banks and savings and loan holding companies with between $10 billion and $50 billion in total consolidated assets. read more

Secret Committee Clings to Anonymity After Rigging Scandal

Bloomberg noted in an article on the LIBOR scandal that every two months representatives from the world's largest banks meet to review the LIBOR. However, who sits on the BBA's committees that govern the benchmark rate is a secret. read more

Wallwork Financial Selects Seritus-CoS From Seritus Solutions

Equipment finance provider Wallwork Financial announced it has selected Seritus-CoS from Seritus Solutions as its credit origination and CRM software provider. read more

WSJ: JPMorgan Picks Director to Head 'Whale' Probe

The Wall Street Journal reported that Lee Raymond, the "brusque" former chairman and CEO of Exxon Mobil, has been named by the board of directors to head a committee investigating the bank's trading blunder. read more

Bank of the West Provides Equipment Facility to Point.360

Point.360, a provider of integrated media management services, said it has entered into financing agreements with Bank of the West that includes a $1.25 million equipment lease facility and a two-year $5 million revolving credit facility. read more

Banks Use $1.77 Trillion to Double Treasury Purchases

Bloomberg notes in a news post that the gap between U.S. bank deposits and loans is growing at the fastest pace in two years, providing lenders with more funds to buy bonds and temper the biggest sell-off in Treasuries since 2010. read more

Bair: LIBOR and the Folly of Deregulation

According to a Fortune article authored by Sheila Bair, it wasn't until an alert enforcement attorney at the Commodity Futures Trading Commission, which had no apparent jurisdiction, led an investigation that unearthed the LIBOR scandal. read more

Monitor Releases Annual Bank 40 Ranking

The Monitor has released its Bank 40 issue, an annual ranking of the top bank-affiliated equipment leasing and finance companies in the U.S. We're pleased to report that 2011 proved to be historic in terms of new business volume. read more

GE Capital Plans Global Roll Out of Salesforce Communities

According to MarketWatch, GE Capital plans to roll out Salesforce Communities, a new online service that will allow GE to reach out and interact with middle-market customers worldwide. read more

Partial Credit Common Outcome for Small Businesses

According to its latest Small Business Borrowers Poll, the NY Fed said 63% of businesses that applied for financing received credit, but not always for the full amount requested. read more

GFC Leasing Goes Live With LeaseWave From Odessa Technologies

GFC Leasing, a division of the Gordon Flesch Company, an independent provider of office equipment solutions, has gone live with LeaseWave lease management software by Odessa Technologies. read more

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