News

Wintrust Commercial Finance Adds Crompton to Capital Markets Team

Wintrust Commercial Finance announced that Andre Crompton joined the company’s Capital Markets group, serving as senior vice president of Indirect Originations. read more

Equitable Group to Acquire Bennington Financial Equipment Finance Co

Equitable Group reached an agreement to acquire Bennington Financial Services, a profitable and growing privately owned company serving the brokered equipment leasing market in Canada. read more

Police Search Deutsche Board’s Offices on Money Laundering Allegations

Reuters reported that police searched the offices of all Deutsche Bank board members in connection with allegations linked to the Panama Papers. read more

United Rentals Completes Acquisition of WesternOne Rentals & Sales

United Rentals announced that United Rentals of Canada completed the previously announced acquisition of WesternOne Rentals & Sales for a cash purchase price of approximately $90.4 million (C$120.0 million). read more

Sage Intacct and iLeasePro Announce Major Integration Enhancement

iLease Management announced a major step forward in its strategic partnership and integration with Sage Intacct, which will enable the tracking and reporting of lease related financial and operational data. read more

ATA Urges Congress to Quickly Ratify USMCA Trade Pact

ATA President and CEO Chris Spear issued a statement after leaders of the U.S., Canada and Mexico signed the USMCA trade pact during the G-20 Summit in Argentina, urging Congress to ratify the agreement. read more

Utica Provides $3MM in Financing to Two Clients

Utica Leaseco completed two transactions totaling $3 million during the last week of November 2018. read more

Platinum Risk Advisors Launches 10-Minute Outsourced CECL Solution

Platinum Risk Advisors announced the launch of Loan Portfolio Analytics, an outsourced solution to assist banks and credit unions in complying with the Current Expected Credit Loss accounting standard. read more

Embraer CEO Slattery Calls on Lessors to Review Fleet Strategies

Embraer President & CEO John Slattery called on lessors and airlines to right-size their fleet strategies, saying lessors have been building market share at “seemingly any cost”. read more

Commerzbank Sets Up Trade Finance Innovation Lab

Commerzbank set up a Trade Finance Innovation-Lab to develop new payment and finance solutions based on innovative technologies such as distributed ledger technology, smart contracts and the internet of things. read more

Senators Propose Changes to Chapter 11 for Small Businesses

The Wall Street Journal reported that two senators have proposed changes to Chapter 11 filings for small businesses with debt of $2.5 million or less, which could expedite the process at a lower cost. read more

HNA Aircraft Asset Sell Off Continues; Former CIT Business on the Block

Bloomberg reported that HNA Group has put CIT’s Commercial Air business up for sale after purchasing it for $10 billion in 2016. read more

November CMI Improves, but Unfavorable Factors Draw ‘Consistent Concerns’

November’s report from the National Association of Credit Management saw notable improvements compared to the prior month, yet unfavorable factors may spell trouble for the remainder of 2018 and into the new year. read more

FDIC: Banks Meet Deposit Insurance Fund Reserve Ratio Ahead of Schedule

The FDIC announced that the Deposit Insurance Fund Reserve Ratio has reached 1.36%, exceeding the statutorily required minimum reserve ratio of 1.35% ahead of the September 30, 2020, deadline. read more

Balboa Capital is Brightening the Holidays for Those in Need

Balboa Capital is supporting local nonprofit organization this holiday season with cash donations, canned food and children’s toys. read more

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Terry Mulreany
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