XS Financial entered into an agreement to provide a $7.5 million CAPEX lease facility to Northeast Alternatives, a vertically integrated cannabis company that operates in Massachusetts and Michigan. read more

MAY 3, 2023 - 7:01 am

Small business bankruptcy filings, captured as Subchapter V elections within Chapter 11, increased 81% year over year in April, according to Epiq Bankruptcy. All Chapter 11 filings increased 32% year over year in April. read more

MAY 3, 2023 - 6:57 am

AerCap signed a lease agreement with LIFT for an Airbus A320-200 aircraft. AerCap delivered the Airbus A320 to South Africa where it is due to enter service in May and operate across LIFT’s network. read more

MAY 3, 2023 - 6:55 am

SmartEquip, a provider of equipment service and parts procurement solutions, added Kiloutou Germany, a subsidiary of Europe's third-largest generalist equipment rental company, Kiloutou Group, to its global network. read more

MAY 3, 2023 - 6:54 am

MUFG Bank established the Marunouchi Climate Tech Growth Fund with Mitsubishi Corporation and Pavilion Private Equity. The fund has Marunouchi Innovation Partners as its general partner, and will invest mainly in climate-tech-related startups. read more

MAY 2, 2023 - 7:17 am

AITX, a North American provider of railcar services, launched a European railcar platform to offer European manufacturers, operating lessors and freight shippers access to resources across fleet management, leasing solutions, regulatory management and maintenance operations. read more

MAY 2, 2023 - 7:12 am

Data Sales, a provider of lease financing and IT asset disposition, recently celebrated its 50th year in business, at its Burnsville, MN headquarters with customer, family and employee events. read more

MAY 2, 2023 - 7:10 am

According to the latest U.S. Bank Freight Payment Index, the volume of freight shipments moved via truck in the United States declined in Q1/23 by 6.1% year over year. This was the fourth quarter in a row in which volume has contracted on an annual basis. read more

MAY 2, 2023 - 7:08 am

Moritt Hock & Hamroff opened a new office in the Fort Lauderdale, FL, metro area to serve the southeast Florida market. Gregory J. Ritter, the founder of Florida-based law firm Ritter & Chusid will join Moritt Hock & Hamroff as partner to support the new office. read more

MAY 2, 2023 - 7:06 am

I Squared Capital, an infrastructure investment manager, signed a definitive agreement, through its ISQ Global Infrastructure Fund III, to acquire Rentco, a transport equipment leasing and rental company in Australia. read more

MAY 2, 2023 - 7:04 am

Southern States Bancshares, the holding company for Southern States Bank, appointed Mark Chambers CEO, succeeding retiring CEO and founder Stephen Whatley. read more

MAY 2, 2023 - 7:01 am

Ritchie Bros. conducted its largest Canadian auction of the year recently in Edmonton, AB, selling more than 12,000 equipment items and vehicles over five days, generating more than CA$225 million (more than $164 million) in gross transaction value.  read more

MAY 2, 2023 - 6:58 am

JPMorgan Chase acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation. As part of the purchase, JPMorgan Chase is assuming all insured and uninsured deposits. read more

MAY 1, 2023 - 7:13 am

The Federal Deposit Insurance Corporation released an internal review evaluating its supervision of Signature Bank. According to the review, “the root cause of [Signature Bank’s] failure was poor management.” read more

MAY 1, 2023 - 7:12 am

Crossroads Equipment Lease and Finance appointed Brent Russell to its leadership team as senior vice president. In this role, Russell will spearhead a new division under the name "LeaseBox" that will launch Crossroads into trailer and chassis leasing. read more

MAY 1, 2023 - 7:10 am