Of Interest

SEC Investigates GE’s Revenue Recognition Practices

The Wall Street Journal reported that the Securities and Exchange Commission is looking into GE Capital’s revenue recognition practices for “long-term service contracts.” read more

Powell Officially Set to Take Over as Federal Reserve Chairman

The Wall Street Journal reported Jerome Powell was named the 16th chairman of the Federal Reserve as he was confirmed by the Senate. read more

Burger Believes GECAS Safe from Possible GE Breakup

Reuters reported that Alec Burger, chief executive of GECAS, does not anticipate a sale of the company by GE. read more

Willis Lease Finance Shares Benefit of Tax Law Change

Willis Lease Finance gave all non-executive employees a one-time bonus of $1,000 as a result of the tax laws recently passed by U.S. Congress. read more

U.S. Registers Fewest Unemployment Filings in 45 Years

Bloomberg reported, citing Labor Department data, that the 2018 job market could experience constriction based on the fact that the U.S. recorded its fewest filings for unemployment benefits in 45 years. read more

Ritchie Bros. Acquires OK-Based Collector Car Auctioneer

Ritchie Bros. acquired Leake Auction, an Oklahoma-based collector car auctioneer, established in 1972. read more

Fleet Advantage Achieves $1B in Lease Originations

Fleet Advantage reached a significant company milestone, securing $1 billion in total lease originations, with more than $200 million in originations in 2017 alone. read more

GE CEO Flannery Announces Possible Company Breakup

The Wall Street Journal reported that GE Capital CEO John Flannery said he is considering breaking company divisions off into separately traded units. read more

O’Brien Appointed Invigors EMEA Network Member for Ireland

Asset finance consulting and services partnership Invigors EMEA, the European arm of The Alta Group, appointed Kieran O’Brien network member for Ireland. read more

China’s HNA Group Delaying Payments to Aircraft Lessors

Reuters reported the delay of lease payments from several airlines that are connected to HNA Group to lessors and the Export-Import Bank of China. read more

Cloud Lending Solutions Named a Top 25 FinTech Company of 2017

Cloud Lending Solutions was recognized as a “Top 25 FinTech Company for 2017” by APAC CIO Outlook Magazine. read more

NETSOL’s Point of Sale System Goes Live for FCA Automotive Finance

NETSOL Technologies launched its point of sale (POS) system for FCA Automotive Finance in China. read more

Bloomberg: Some Using Credit Cards to Buy Bitcoin

Bloomberg reported that credit cards are being used to buy bitcoin by 18% of those that choose to invest in the cryptocurrency. read more

FDIC Issues “Underwriting Trends and Other Highlights” Survey

The FDIC issued its winter issue of the “Underwriting Trends and Other Highlights” survey which focuses on trends in underwriting, loan growth and funding. read more

December Chapter 11 Filings Up ‘Sharply’; Full Year Up 6%

The American Bankruptcy Institute reported December Chapter 11 filings were 699, up 107% from the previous year. Calendar year 2017 Chapter 11 filings were 5,744, a 6% increase from 5,447 filings in 2016. read more

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Terry Mulreany
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