News

MUFG Adds Yarian as International Business Head of Sales and Trading

Mitsubishi UFJ Financial Group hired Michael Yarian as international business head of sales and trading and regional head of sales and trading for the Americas. Most recently, Yarian held global head of flow rates trading and head of Americas global debt markets roles at HSBC. read more

Aviation Capital Group Delivers A320neo Aircraft to Scandinavian Airlines

Aviation Capital Group delivered one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines. read more

Used Class 8 Truck Retail Sales Fell 23% in April, Suggesting Softening Demand

According to ACT Research, used Class 8 retail volumes (same dealer sales) declined 23% month over month in April, while average mileage declined by 1%, with average prices down 8% and age up 3%. read more

CLFP Foundation Adds 15 New CLFPs

The Certified Lease & Finance Professional Foundation reported that 15 individuals recently passed the eight-hour online proctored CLFP exam. read more

Truist Financial to Use CME Term SOFR as Replacement Reference Rate for Securities

After June 30, Truist Financial will use CME term SOFR as the replacement reference rate for certain outstanding floating rate and fixed-to-floating rate debt securities and preferred stock that use three-month U.S. dollar LIBOR as the reference rate. read more

USA Today Names Herc Rentals a ‘Climate Leader’

USA Today named Herc Rentals one of America’s Climate Leaders for 2023. The distinction is presented to U.S. companies that achieved reductions in Scope 1 and 2 greenhouse gas emissions intensity, relative to revenue, from 2019 to 2021. read more

Biz2Credit and CPA.com Add SBA 7(a) Loans to Funding Portal

Biz2Credit and CPA.com introduced a new SBA 7(a) lending option to the CPA Business Funding Portal, a cloud-based platform that supports accounting firms in securing business financing options for clients. read more

Peoples Bancorp Elects Hogan to Board of Directors

Peoples Bancorp elected W. Glenn Hogan to its board of directors. Hogan formerly served as chairman of the board of directors of Limestone Bancorp until Limestone was acquired by Peoples on April 30. read more

Stratolaunch Gets Bankruptcy Court Approval to Acquire Modified Boeing 747 from Virgin Orbit

Stratolaunch received approval from the U.S. Bankruptcy Court for the District of Delaware to acquire Virgin Orbit's modified Boeing 747 and its related parts and equipment, marking an expansion of Stratolaunch's air-launch fleet. The acquisition is expected to close by July 31. read more

Malaysia’s SKS Airways Signs Lease Agreement for 10 Embraer E195-E2s

Malaysia's SKS Airways selected the Embraer E195-E2 to drive its growth plans, entering into a lease agreement with Azorra for 10 E195-E2s at a signing ceremony at the Langkawi International Maritime & Aerospace Exhibition. read more

Textron Aviation Completes 100th Cessna Citation Longitude Production Unit

Textron Aviation completed the 100th production unit of its Cessna Citation Longitude business jet, with the aircraft expected to be delivered later this year. read more

AP Equipment Financing Expands Management Team with Recent Hires

AP Equipment Financing, a provider of specialized equipment financing, appointed Jenifer Santoro senior vice president of business development and sales, Rena Waples floorplan operations manager, Melanie Rudiger, CLFP, docs and funding manager and Diana Crews asset manager. read more

First Citizens Cuts Staff Brought Over in Silicon Valley Bank Acquisition

According to Axios, following its acquisition of Silicon Valley Bank out of FDIC receivership at the end of March, First Citizens Bank fired approximately 500 employees brought over as part of the acquisition this week. read more

NEFA Raises More Than $25K for Operation Open Water During Fashion Show Charity Event

The National Equipment Finance Association raised $25,340 at its fashion show charity event on March 21, which was held as part of the association’s 2023 Finance Summit in San Diego. The charity event raised funds for Operation Open Water. read more

River City Bank Names Fabisch Miller EVP and Commercial Banking Director

River City Bank named Rebecca Fabisch Miller executive vice president and commercial banking director. In this role, Fabisch Miller will focus on providing services to the bank's middle-market commercial clients. read more

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