News

Ritchie Bros. Financial Services Appoints Macaskill Managing Director

Ritchie Bros. Financial Services appointed Blake Macaskill managing director. Macaskill previously served with CIT Canada, DLL and GE Capital. read more

Freedom Boat Club Selects Northpoint Commercial for Finance Program

Freedom Boat Club selected Northpoint Commercial Finance as it provider for a new, specially designed install and pay finance program for its franchise network. read more

GE Sells Industrial Solutions Business to Switzerland’s ABB

Switzerland’s ABB announced the acquisition of GE Industrial Solutions for $2.6 billion. GE’s global electrification solutions is headquartered in Atlanta and has about 13,500 employees around the world. read more

Report: JPMorgan Most Popular Brand, U.S. Bank Most Loyal Customers

According to Brand Finance research, JPMorgan Chase was ranked as the most popular brand in the U.S. Wells Fargo was voted the least trusted bank. U.S. Bank proved to have the most loyal customers. read more

Phoenix American Financial Hires SVP, Fund Accounting

Phoenix American Financial hired Justin Deitrick as senior vice president, Fund Accounting. PAF provides administration and accounting services for asset backed securitizations, specializing in the commercial aircraft and engine leasing industry. read more

Bloomberg: Low Fuel Prices Keep Older Planes Flying

Bloomberg reported that the aircraft intended to replace jumbo jets like the Boeing 747 and Airbus’s A380 are feeling the pinch brought on by the drop in jet fuel which is down by 40% from 2014. read more

Maxim Crane Places Large Order for New Alimak Hoists

Alimak Hek and Maxim Crane Works formed a strategic alliance. Alimak Hek will supply personnel and material hoists to complement Maxim Crane Works’ tower crane and lifting services rental fleet. read more

China Development Bank Leasing Aircraft Deal worth $12.6B

China Development Bank Financial Leasing signed agreements to buy 60 aircraft from Boeing and 45 planes from Airbus in deals totaling $12.6 billion at their list prices. read more

ACT: August Trailer Build Up 14% Sequentially, 9% Y/Y

According to ACT Research, August tied March for the longest trailer OEM work schedule of the year, which was also three days longer than July. read more

TIP Trailer Services Refinances ABS Program

European equipment service provider TIP Trailer Services successfully refinanced its asset backed securitization program. read more

Element Fleet Management Appoints Tobin Chairman

Brian Tobin was named the chairman of the board of directors of Element Fleet Management. Richard Venn, Element’s outgoing chairman, will continue to be a member of the board. read more

CFO: Dodd-Frank Reform Likely to Follow Treasury Influence

In a recent report on Dodd-Frank reform, CFO provided commentary on the most likely outcome which is expected to be more moderate and along the lines of how the Treasury sees it. read more

GE to Ground Corporate Fleet of Jets

Fox Business News reported that General Electric is cutting its spending on operations including the grounding of its corporate fleet of jets. read more

Middle Market Businesses Less Optimistic For First Time Since Election

The RSM U.S. Middle Market Business Index, presented in partnership with the U.S. Chamber of Commerce announced the index declined in Q3/17, following a record-high reading in Q2/17. read more

First Internet Bank Expands Team in Southwest Office

First Internet Bank announced that Tim Lamers joined the Tempe, AZ loan production office as vice president of Commercial Banking. read more

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