News

Amazon Expands Partnership with ATSG, Leases 10 Boeing 767-300 Aircraft

Amazon announced an expansion of its partnership with Air Transport Services Group by leasing an additional 10 aircraft. read more

Equitable Completes Strategic Acquisition of Bennington Financial

Equitable Group completed its previously announced acquisition of Bennington Financial Services, a profitable and growing privately owned company serving the brokered equipment leasing market in Canada. read more

Webster Rated Best Overall Northeast Bank in 2019 RankingBanking Study

Webster Bank was named best overall bank in the Northeast in Bank Director’s annual RankingBanking study, which identifies the top public U.S. retail and commercial banks within each region. read more

White Oak Provides $161MM to Support Allegiant Healthcare Acquisition

White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $161 million senior credit facility for Allegiant Healthcare and Hillstone Healthcare. read more

NETSOL Technologies Appoints Industry Veteran Liang as President, China

NETSOL Technologies appointed Hui Liang, a 20-year veteran of the technology industry, to president of NETSOL China. read more

Wells Fargo to Pay $575MM to Settle Claims with Attorney Generals

Wells Fargo reached an agreement with all 50 state Attorneys General and the District of Columbia and will pay $575 million to resolve claims. read more

Credit Managers’ Index Ends 2018 on Sour Note

Credit professionals reported fewer sales and new credit applications in the December 2018 economic report from the National Association of Credit Management, but the declines in the favorables should be taken with a grain of salt as they are all still well within expansion territory. read more

Bloomberg: U.S. Manufacturing Ends 2018 in a Slump

Bloomberg reported that five Federal Reserve indices of regional manufacturing dropped in December, which could indicate that shaky times are in store for the U.S. economy. read more

Equipment Industry Experts Launch Fortis Consultancy

Fortis, a professional consultancy and provider of asset management and monitoring solutions for rental companies and fleet owners across the equipment industry, announced its official launch. read more

Sumitomo Mitsui to Acquire Joint Stake in Aircraft Engine Leasing Co

Sumitomo Mitsui Finance and Leasing Company will acquire 65% of the shares of Sumisho Aero Engine Lease, a joint venture of Sumitomo Corp and MTU Aero Engines. read more

Mammoth Energy Expands Aviation Services with Wexford JV, ARS Acquisition

Mammoth Energy Services announced the expansion of its aviation services business via the acquisition of Air Rescue Services and a joint venture with Wexford Capital, which purchased Brim Equipment Leasing. read more

Report: Utilities to Spend $100B on Networking and Comm Equip by 2029

Investment in networking for a multitude of utility applications is accelerating even as the ways that utilities solve connectivity problems are diversifying. read more

The Carlyle Group Completes Majority Ownership Acquisition of Sedgwick

Sedgwick announced the closing of the previously announced acquisition by The Carlyle Group of majority ownership of Sedgwick from KKR and other shareholders. read more

Tesla Registers Financial Leasing Unit in Shanghai

Reuters reported that Tesla registered a financial leasing company in Shanghai as it plans to increase its presence in China. read more

JPMorgan to Pay $135MM+ to Settle SEC Charges

The Securities and Exchange Commission announced that JPMorgan Chase Bank will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). read more

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Terry Mulreany
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