Of Interest

Penske Truck Leasing Opens New Facility in Laredo, TX

Penske Truck Leasing opened of a new facility in Laredo, TX. read more

LeaseAccelerator Named Top 25 Procurement Solution Provider of 2017

LeaseAccelerator was recognized as one of 2017’s Top 25 Procurement Solution Providers by CIO Applications magazine. read more

Gordon Brothers, Ritchie to Sell Phoenix of Tennessee Assets

Gordon Brothers has received bankruptcy court approval to sell certain assets owned by Phoenix of Tennessee as part of an alliance with Ritchie Bros. Auctioneers. read more

Kabbage Delivers $4B to 130,000+ Small Businesses

Kabbage extended more than $4 billion to more than 130,000 small businesses, which represents a 30% increase in total funding and total customers served since the company’s last milestone announcement in April 2017. read more

Linedata Launches Transformation Strategy, New Brand Platform

Linedata is accelerating the digital transformation of its product and service offerings as well as its corporate governance and practices. read more

New Alfa Report Highlights Five Steps to Digitalization

Alfa, provider of the Alfa Systems asset finance software platform, published a piece of industry research on how companies are embracing digitalization. read more

NRF: Senate Tax Reform Passage Could Give Shoppers ‘Free Christmas’

The National Retail Federation said congressional action on the tax reform plan is helping boost consumer confidence and that savings from reform could be enough to pay for many families’ holiday shopping. read more

Seabury Capital Sells Interest in SGI Aviation to FinTech Global

Seabury Capital announced a FinTech Global subsidiary will establish SGI Investment which will acquire a 51% voting interest in SGI, the holding company for SGI Aviation services. read more

Economist Goodfriend Nominated To Federal Reserve Board of Governors

President Donald Trump nominated macroeconomist Marvin Goodfriend, monetary policy expert and central banking historian, to serve as a member of the Board of Governors of the Federal Reserve System. read more

Boeing to Provide Leased Aircraft Management for Montrose

Boeing signed an agreement with Montrose Global Aircraft Leasing Limited to support its existing fleet of 45 aircraft and accounting systems with AerData’s Corporate Management System hosted solution. read more

Q3 Bank Earnings Improve Amid Concerns Over Lending Conditions

The FDIC reported industry net income was 5.2% higher in Q3/17 versus a year earlier on higher net interest income. The regulator noted, however, that “competitive lending conditions continue to pose challenges.” read more

Wells Fargo Says WSJ Foreign Exchange Story Misleading

In a news release, Wells Fargo strongly disputed the characterization of its foreign exchange pricing as being unfair and unfavorable to its customers, as alleged in a story published by the Wall Street Journal. read more

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

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