Of Interest

AED Expresses Concern Over Steel and Aluminum Tariff Proclamations

In a news release, the American Equipment Distributors Association expressed concern about the impact of steel and aluminum tariff proclamations. read more

First American Launches Scholarship for Future Manufacturing Talent

First American Manufacturing Finance launched a scholarship for students who will pursue or are pursuing a degree related to the manufacturing industry. read more

ATA President Urges Congress to Act on Infrastructure Funding

American Trucking Associations President and CEO Chris Spear called on Congress to set aside ideological partisanship and put forward a bold infrastructure investment package. read more

February Chapter 11 Filings Increase 4% Year/Year

The American Bankruptcy Institute reported that there were 425 total commercial Chapter 11 filings in February 2018 representing an increase of 4% from February 2017’s total of 407. read more

Cloud Lending Recognized as Top 10 Salesforce Solution Provider

Cloud Lending Solutions was recognized as a “Top 10 Best Performing Salesforce Solution Provider” of 2017 by Insight Success Magazine. read more

ResearchAndMarkets’ Best Financial Reports Touch on Regulation, Risk, Cross-Selling

ResearchAndMarkets.com released a collection of its best financial services reports of 2017. Some select lessons from the collection include a dampening optimism about regulatory relief, increasing risk levels for banks and a critical juncture for cross-selling. read more

Wells Fargo Completes $49MM Tax-Equity Funding of MS Solar Project

Wells Fargo Renewable Energy and Environmental Finance completed $49 million in tax-equity funding for a new 540-acre solar generation facility known as MS Solar 3 in Sumrall, MS. read more

LeaseAccelerator Named Top 10 Accounting Solution Provider

CFO Tech Outlook named LeaseAccelerator one of its 2018 Top 10 Accounting Solution Providers. The annual list is selected based on a company’s innovation and advancement in providing accounting solutions. read more

GE 10-K: GE Capital to ‘Substantially’ Reduce Size of EFS & IF Verticals

According to General Electric’s recently released 10-K, GE plans to substantially reduce the size of GE Capital’s Energy Financial Services and Industrial Finance businesses over the next 24 months. According to a Q4/17 supplemental report, the two verticals represent $35.7 billion in assets. read more

FDIC: New Tax Law Causes Q4/17 Bank Net Income to be 40.9% Lower

The FDIC reported commercial banks and savings institutions Q4/17 net income was 40.9% lower than a year ago largely due to one-time changes from the new tax law. read more

Waypoint, Leonardo Announce New Offerings for MUH Reconfiguration Program

Waypoint Leasing is partnering with Leonardo Company for the launch of a comprehensive maintenance and training services offering in support of Waypoint’s medium utility helicopter reconfiguration program. read more

GE Announces 2018 Board of Directors Slate; Includes Three New Directors

General Electric announced the company’s slate of director candidates for the 2018 annual meeting of shareowners, including Leslie F. Seidman, former chairman of the Financial Accounting Standards Board. read more

Bloomberg: GE Repeats Past Blunders

Bloomberg reported that GE is repeating its past failures under CEO John Flannery, who is not living up to his pledge to remain transparent about the industrial giant’s struggles. read more

Fuyo General Signs First Lease Agreement for Solar Power Equipment

Fuyo Lease signed its first lease agreement for farming-type solar power generation equipment with Vitec Solar Energy. read more

Auto Captives Summit 2018 Evaluates New Business Models in Auto Finance

At the third Auto Captives Summit held by White Clarke Group, senior executives from captive auto finance companies met to consider the transforming landscape of fintech in the auto finance industry. read more

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Terry Mulreany
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