According to the Small Business Administration, small businesses received a greater volume of SBA-backed loans last year than ever before. Under the program, a record sum of $19.6 billion was issued in fiscal 2011. read more

JAN 5, 2012 - 8:35 am

According to a post on Bankaholic.com, CIT Bank closed out the year 2011 with 12-month CD rates of 1.15% APY, the top rate offered by only one other bank in the U.S. read more

JAN 4, 2012 - 8:00 am

Corporate restructuring specialists say technology and energy industries will improve in 2012, but a worsening European sovereign debt crisis could be the wrench that squeezes them all, according to the annual TMA Trend Watch survey. read more

JAN 3, 2012 - 8:15 am

The Financial Times reported that private equity groups in Europe are turning towards asset-backed loans as they look to fill the financing gap left by retrenching banks. read more

JAN 3, 2012 - 8:00 am

The staff of the Monitor and monitordaily wishes its readers a healthy and happy new year. In observance of the holiday our office will be closed on Monday, January 2, 2012. We'll return with our coverage of the equipment finance industry on Tuesday, January 3, 2012. read more

DEC 30, 2011 - 8:35 am

The Washington Post reported that a federal judge, who has accused the SEC of negotiating weak settlements in Wall Street cases, accused the agency of misleading a federal appeals court. read more

DEC 30, 2011 - 8:15 am

New York Stock Exchange regulators said it will delist the common stock of AMR, the parent company of American Airlines, before the opening bell on January 5, saying that it is "no longer suitable" for listing. read more

DEC 30, 2011 - 8:10 am

During the holiday season to date, $35.3 billion has been spent online, marking a 15% increase versus the corresponding days last year. The most recent week, ending December 25, saw $2.8 billion in spending, a Y/Y increase of 16%, according to comScore, a provider of digital marketing analysis. read more

DEC 30, 2011 - 8:05 am

CFO reported on a study that found companies with female CFOs secure lower bank loan prices. The Rensselaer Polytechnic Institute study said women CFOs may have more luck with bank loans because they tend to be more risk-averse. read more

DEC 29, 2011 - 8:20 am

Skanska USA, the eighth largest contractor in the U.S., said that its civil business unit has acquired Industrial Contractors and its affiliates in Evansville, IN. read more

DEC 29, 2011 - 8:15 am

Sears said in statement it will close 100 to 120 of its full-line Sears and Kmart stores, as sales for the eight-week period ended December 25, 2011 were off 5.2% compared with last year. read more

DEC 28, 2011 - 8:05 am

Fitch said it does not expect the recent tightening of aircraft lending conditions in Europe to put the brakes on diversified global funding for new commercial aircraft deliveries in 2012. read more

DEC 27, 2011 - 8:10 am

U.S. Bank said it has acquired a $700 million portfolio of credit cards from Bank of America. The portfolio is being acquired by the bank's Elan Financial Services unit and includes cards from 28 banks, credit unions and other financial institutions. read more

DEC 27, 2011 - 8:00 am

The staff of the Monitor and monitordaily wishes its readers a joyous holiday season. In observance of the holidays our offices will be closed on Monday, December 26, 2011. read more

DEC 23, 2011 - 8:50 am

The Fed has proposed steps to strengthen regulation of large bank holding companies and systemically important nonbank financial firms. The proposal includes measures addressing capital, liquidity, credit exposure, stress testing, risk management and early remediation requirements. read more

DEC 21, 2011 - 8:25 am