ELFF Launches Third Annual ‘Day of Giving’

The Equipment Leasing & Finance Foundation launched its third annual “Day of Giving” today. The foundation hopes to raise at least $15,000 and attract 50 new individual or corporate donors during the 24-hour campaign. read more

KBRA COVID-19 Research: Can Credit Hold Ground with U.S. ‘Spiraling Out of Control?’

This KBRA report examines the dramatic tightening in most credit spreads in the face of a still unfolding pandemic, deep economic recession and an uncertain political landscape. read more

MUFG Finds Divergent Effects of COVID-19 on Tech & Telecom Companies

While COVID-19 adds a layer of uncertainty over the short- and medium-term outlook of many tech and telecom companies, MUFG reported that secular trends for the sector remain favorable in the long term. read more

AICPA Survey: 56% of Business Execs Say Companies Sought PPP Funds

AICPA’s recent survey reported that more than half of business executives said their companies had sought relief funds through the Paycheck Protection Program. read more

Extraction Oil & Gas Files for Chapter 11, Wells Provides $125MM DIP Facility

Extraction Oil & Gas has voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Wells Fargo has underwritten a $125 million DIP financing facility, subject to Court approval.  read more

WSFS Bank Ranked No. 21 on Forbes’ Second Annual World’s Best Banks List

WSFS Bank was named one of the highest-ranked locally-based banks on Forbes’ second annual World’s Best Banks list. Overall WSFS ranked No. 21 in the United States. This is the first time WSFS has made the global list. read more

Companies Puzzled Over CARES Act Aid Accounting

The Wall Street Journal reported that many companies are unsure about how to account for the financial relief they received from the CARES Act. read more

Wells Fargo Expands Free Virtual Financial Coaching to Help with COVID-19 Hardship

Wells Fargo Foundation is supporting national nonprofits in expanding virtual financial coaching services, cost-free. Grants support nonprofits offering financial recovery resources for people of color, people with disabilities, and other vulnerable populations hit hardest by the pandemic. read more

Socure Launches Intelligent KYC

Socure has launched “Intelligent KYC,” a new solution that incorporates data sources, advanced graph analytics and unsupervised ML to produce more expansive and actionable insights. read more

Umpqua Bank Promotes Nixon to President

Tory Nixon of Umpqua Bank has been promoted from chief banking officer to bank president as part of Umpqua's increasing focus on serving the small and middle-market businesses that are a critical part of local economies across the West Coast. read more

NEFA Releases Statement on Diversity and Racial Injustice

The National Equipment Finance Association released a statement on diversity and racial injustice, urging all NEFA members to pledge to do everything in their individual and collective power to end systemic racism and strive to achieve equality for all.   read more

Hoff Appointed President of Volvo Financial Services’ EMEA Region

Johan Hoff will be responsible for developing Volvo Financial Services’ customer and Volvo Group business area relations in Europe, Middle East and Africa. read more

Corcentric Appoints Browning, Oliveri & Stewart as New Directors of Sales

Corcentric named Michael Browning, Mike Oliveri and Scotty Stewart to join its Fleet Solutions business as directors of Sales, each responsible for a specific region of the U.S. read more

Forbes Names BMO Harris Bank Among World’s Best Banks 2020

BMO Harris Bank has been recognized on Forbes' World's Best Banks 2020 list based on a survey of consumers who ranked banks on key attributes, including trust, fees, digital services and financial advice. read more

ACT Freight Forecast: Bottoming Process Accelerates, Rate Rebound at Risk

Freight market stabilization progressed this month with a strong rebound in spot rates, according to the June ACT Freight Forecast. read more

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