Barclays Appoints Erdmann CFO of US Consumer Bank and BBDE

Barclays appointed John J. Erdmann CFO for Barclays U.S. Consumer Bank and Barclays Bank Delaware (BBDE). Erdmann will oversee the bank’s consumer financial operations in the United States. read more

Stifel Adds Former Silicon Valley Bank Employees to Venture Banking Group

Stifel Financial expanded its venture banking group by hiring Jake Moseley, Matt Trotter and Ted Wilson, who are former Silicon Valley Bank employees, as managing directors. read more

Aviation Capital Group Delivers One A320neo to Spirit Airlines

Aviation Capital Group announced the delivery of one new Airbus A320neo aircraft on long-term lease to Spirit Airlines. This is ACG’s first aircraft delivery from Airbus’ facility in Mobile, AL. read more

Truckload Spot Market Decreases

According to ACT Research’s recent release of its Freight Forecast, U.S. Rate and Volume Outlook report, the truckload spot market is bottoming as labor capacity slows. read more

Argosy Private Equity Acquires Vac2Go

Argosy Private Equity, a lower middle-market private equity firm, acquired Vac2Go. This is the seventh investment in Argosy's sixth lower middle-market fund. NewSpring Capital provided mezzanine debt financing and equity coinvest. read more

Federal Reserve Boosts Rates, Expects Banking Turbulence to Weigh on Inflation

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.75% and 5% on Wednesday, marking a quarter point increase and its second such move of 2023. read more

February New Business Volume in Equipment Finance Rises 11% Y/Y

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25),  which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume in the equipment finance industry for February was $7.9 billion, up 11% year over year from their new business volume in February 2022. read more

Cascade Equipment Leasing Appoints Jensen COO

Cascade Equipment Leasing appointed Josh Jensen chief operating officer, effective immediately. Jensen has more than 15 years of experience in the financial industry, having held executive leadership positions at several firms in the sector. read more

Post Road Equipment Finance Provides $46MM Lease Line to Precision Casting Manufacturer

Post Road Equipment Finance provided a $46 million lease line to a global precision casting manufacturer to finance new and existing production equipment. read more

Crédit Agricole Acquires Select European ALD and LeasePlan Activities with Stellanis

Crédit Agricole Consumer Finance signed a binding agreement with its partner Stellantis for the acquisition of ALD's activities in Ireland, Norway and Portugal, as well as LeasePlan's activities in the Czech Republic, Finland and Luxembourg. read more

Commercial Finance Partners Finances More Than $150MM in Employee Retention Credits

Commercial Finance Partners has qualified and financed more than $150 million in Employee Retention Credits. The company also has expanded the financing program to include larger credits in excess of $10 million. read more

Pacific West Bank Adds Team to Lead Market Expansion into Vancouver, WA

Portland, OR-based Pacific West Bank added a new team that will lead the bank’s expansion into the Vancouver, WA, market. The new unit includes Robert Greenawald, who will serve as senior vice president and commercial lending team leader. read more

Preliminary Net Trailer Orders Indicate Strong Demand Continues

According to ACT Research, February’s preliminary net trailer orders increased sequentially but were lower against longer-term comparisons, with 25,800 units (25,600 seasonally adjusted) projected to have been booked during the month. read more

MUFG Adds Sendik as Director and Senior Originator for Healthcare Finance

Mitsubishi UFJ Financial Group expanded its healthcare finance platform with the hiring of Tony Sendik as director and senior originator. Sendik will be responsible for helping to lead business development efforts within the group. read more

Cascade Equipment Leasing Appoints Skinner CEO

Cascade Equipment Leasing appointed of Brandon Skinner as its new CEO, effective immediately. Skinner has more than 20 years of experience in the equipment leasing industry, having held executive leadership positions at several firms in the sector. read more

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