Of Interest

Linedata Awarded Most Improved Commercial Loan Origination Solution

Linedata received an award from independent research and advisory firm Aite Group in a recently published commercial loan origination study. read more

TCF Halts Indirect Auto Originations, Will Take $92MM A/T Charge

TCF Financial will discontinue all indirect auto loan originations, effective December 1, 2017. TCF expects to recognize after-tax charges of about $92 million in Q4/17 as a result of the decision. read more

Poll: Majority of Small Business Owners Oppose Tax Reform Proposals

A scientific opinion poll finds majority of small business owners oppose the tax reform plans under consideration in Congress and believe they favor big businesses and the wealthy over small businesses and the middle class. read more

Deloitte Corporate Finance Advises Hertz in Divestiture to Localiza

Deloitte Corporate Finance acted as the exclusive financial advisor to Florida-based Hertz in the divestiture of the company’s Brazil operations to Localiza Rent a Car, the largest car rental network in South America. read more

IronPlanet to Conduct Retirement Auction for NJ Construction Company

IronPlanet will sell all of the equipment and trucks of D.R. Mullen Construction Company in an unreserved weekly online auction on December 14. read more

Latest U.S. Baker Hughes Rig Count Up 55.6% Year/Year

According to Baker Hughes, as of November 22, 2017, the U.S. had a rig count of 923, which was up eight from 915 the previous week and up 330, or 55.6%, from 593 on the same date one year ago. read more

Fintech Construction Lender Built Technologies Raises $21MM

Nashville, TN-based Built Technologies, an online lender to the construction industry, closed a $21 million Series A investment led by global venture capital firm Index Ventures, with participation from New York-based Nyca Partners. read more

GE Capital Industrial Finance Arranges Online Auction for GE Power

Industrial auction company The Branford Group will conduct an online auction arranged by GE Capital Industrial Finance to sell surplus assets of GE Power, Alstom Power located in Chattanooga, TN. read more

Moody’s Downgrades GE Capital Issuer Rating to A2

Moody’s Investors Service downgraded the long-term issuer rating of GE Capital Global Holdings to A2 from A1. The long-term ratings of GE Capital’s subsidiaries were also downgraded. read more

Speech: Where Do Consumers Fit in the Fintech Stack?

At a recent conference, Federal Reserve Board of Governors member Lael Brainard gave a speech outlining how a new generation of fintech tools offers both potential and risk that will need to be managed. read more

Channel Partners Capital Ranked in Inc. 5000 For Fifth Straight Year

Channel Partners Capital was ranked among the 5,000 fastest-growing private companies in the U.S. by Inc. for the fifth straight year. read more

General Electric to Cut Dividend 50%

GE announced its board of directors has determined to set the company’s quarterly dividend to a projected of $.12 per outstanding share which represents a 50% reduction from the current quarterly dividend. read more

GE Energy Financial, Green Investment Acquire Wind Farm in Sweden

GE Renewable Energy and Green Investment Group (GIG) have partnered to deliver and operate a wind farm in Sweden. GE Energy Financial and GIG jointly acquired the project and invested $348 million in equity to finance the project. read more

MB Equipment Finance Division Wins Two Software Awards From Cisco

LaSalle Solutions received awards for Software Lifecycle Partner of the Year (Americas) and Execution Excellence Regional Partner of the Year IL/WI Operation at Cisco’s annual partner conference in Dallas. read more

JPMorgan Agents New $1.6B Facility for Navistar

Navistar International completed the refinancing of Navistar's existing approximately $1.0 billion senior secured term loan which was due to mature in August 2020 with a new $1.6 billion senior secured term loan which is due to mature in November 2024. read more

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