News

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

Ritchie Bros. Announces North Franklin, CT Equipment Liquidation Auction

Ritchie Bros. will hold a one-day unreserved asset auction of construction and excavation company Venuti Enterprise on December 17. read more

Top Five Lenders Account for 67% of New Equipment Filings in October

Statistical data provided by EDA showed the top 20 lenders, in the aggregate, filed financing statements covering a total of 16,373 new equipment related filings during the month of October 2018. read more

ELFF Elects Officers, Welcomes New Trustees & Presents Research Award

The Equipment Leasing & Finance Foundation announced officers and new members of its Board of Trustees and presented Kelly Reale of Key Equipment Finance with the Steven R. LeBarron Award for Principled Research. read more

LCI Strengthens Team With Major Technical And Legal Hires

Lease Corporation International, the aviation division of the Libra Group, appointed John Gumulak as technical director and Eric Sherlock as legal counsel. read more

Varagon Capital Names GE Capital Vet MD, Healthcare Originations

Varagon Capital Partners announced that Michael Broderick joined the firm as managing director of Healthcare Originations. read more

People’s United Financial to Acquire Belmont Savings Bank

People's United Financial, the holding company for People's United Bank, agreed to acquire BSB Bancorp and its subsidiary, Belmont Savings Bank, in a 100% stock transaction valued at approximately $327 million. read more

ACT: Used Truck Prices Up 9% YTD in October, Volumes Up 11% YTD

The average price of total used Class 8 trucks in October fell 3% month-over-month, but rose 11% year-over-year and 9% year-to-date, according to ACT Research. read more

Avolon Celebrates the World’s First A330neo Delivery to TAP Airlines

Avolon celebrated the delivery of the world’s first Airbus A330neo to TAP Airlines. read more

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Terry Mulreany
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