News

Well Fargo Q1/19 C&I Interest Income Up 23%; Lease Financing Yields Drop Y/Y

Wells Fargo reported Q1/19 earnings of $5.9 billion was up from $5.1 billion a year earlier. C&I interest income was also up 23 percent compared to a year earlier while lease financing interest income and yields were down from Q1/18. read more

ConnectOne to Acquire Online Business Marketplace, BoeFly

ConnectOne Bancorp entered into an asset purchase and assumption agreement with BoeFly, an online business lending marketplace. read more

GM Talks With Amazon-Backed Electric Truckmaker Stall

Bloomberg reported talks between General Motors and electric-vehicle startup Rivian Automotive about the largest U.S. carmaker buying an equity stake have reached a stalemate. read more

For-Hire Trucking Industry Conditions Ticked Up in March

The latest release of ACT Research’s For-Hire Trucking Index showed an uptick in volume, pricing, and productivity. read more

PNC Reports Higher Y/Y Earnings; Meets Analysts Expectations

PNC Reported Q1/19 net income of $1.27 billion was up from $1.24 billion for the same quarter a year earlier. Earnings per share of $2.61 met analysts’ estimates. read more

Air Lease To Deliver First of Six New Airbus A321-200neo LR Aircraft To Air Arabia

Air Lease  will deliver one new Airbus A321-200neo LR aircraft on long-term lease to Air Arabia. Featuring CFM International LEAP-1A engines, this is the first of six A321-200neo LRs scheduled to deliver to Air Arabia through 2020 from ALC’s order book with Airbus. read more

Former ELFA Chairman Rick Wolfert Passes

Frederick “Rick” Eugene Wolfert, 64, of Greensboro, GA passed away peacefully on April 9, 2019 at St. Mary’s Good Samaritan Hospital in Greensboro. read more

Small Business Loan Approvals at Big Banks Hit New High

The approval percentage for small business loan applicants hit a record high of 27.3 percent at big banks in March, up one-tenth of a percent from February. read more

AviaAM Leasing Sells Two Airbus A321’s With Lease Attached

AviaAM Leasing has sold two Airbus A321 aircraft to global investors. Both aircraft are leased to Air Transat. read more

HondaJet Elite Receives Canadian Type Certification

The HondaJet Elite has received type certification from Canada's Transport Canada Civil Aviation (TCCA), demonstrating that the aircraft meets the safety standards set by the organization. read more

Global Agricultural Equipment Finance Market to Post More than 4% CAGR

The global agricultural equipment finance market is expected to post a CAGR of more than 4% during the period 2019-2023, according to the latest market research report by Technavio. The popularity of equipment rental is increasing significantly worldwide owing to the... read more

Wells Fargo Survey: Investors Favor ‘the Human Touch’ When Seeking Financial Advice

A Wells Fargo/Gallup Investor survey revealed 84 percent of investors are not replacing their financial advisors with automated investing technology. read more

Tiger Capital Group Promotes Eight Executives to Managing Director

Tiger Capital Group has promoted eight executives to the position of managing director. read more

NBAA, EBAA Counter Media Portrayal of Business Aviation

A recent article published in The Economist mischaracterizes the tax policies that impact the industry, as well as the environmental impact of business aviation. read more

Neumann Finance and Beneficial Equipment Finance Combine Forces to Create NewLane Finance

NewLane Finance will leverage the technology platform and industry expertise of
Neumann Finance with the maturity and heritage

of Beneficial Equipment Finance. read more

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Terry Mulreany
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