The Federal Reserve stated on Wednesday that it will once again maintain the target range for the federal funds rate between 5.25% and 5.5% just as it did in September and November. In addition, as reported by CNN, the Fed is projecting “three quarter-point cuts in 2024.” read more

DEC 14, 2023 - 7:04 am

Full Skope, a loan origination technology company, formed a collaboration with 360 Equipment Finance, resulting in the launch of 360 Equipment Finance's next-generation loan origination platform: SkopeLend, powered by Full Skope. read more

DEC 14, 2023 - 7:02 am

Scott A. Stengel will join Truist Financial on Dec. 26 as senior executive vice president and chief legal officer, succeeding Ellen M. Fitzsimmons, who previously announced her plans to retire at the end of this year. read more

DEC 14, 2023 - 7:01 am

Mid-size companies and private equity firms are embracing artificial intelligence by implementing the technology to assess data, automate processes and streamline financial operations, according to a new survey from Citizens. read more

DEC 14, 2023 - 6:59 am

LTi Technology Solutions, a provider of lease and loan cloud technology for equipment and asset finance companies, donated more than $6,500 to Youth Emergency Services (YES) and the Love Life Now Foundation. read more

DEC 14, 2023 - 6:57 am

Houlihan Lokey, a global investment bank, hired Rob Kordas as a managing director in its industrials group. Kordas is based in Chicago and will lead coverage of the energy field services and equipment sector. read more

DEC 14, 2023 - 6:55 am

According to ACT Research, even though its forecast remains unchanged this month in conjunction with continued positive order activity, ACT cautioned that the freight market fundamentals that inform the U.S. for-hire truckload are still flatlining. read more

DEC 14, 2023 - 6:51 am

Aircraft lessor AerCap signed lease agreements for two Airbus A321 Passenger-to-Freighter (P2F) aircraft with Spanish cargo operator Swiftair. read more

DEC 14, 2023 - 6:47 am

The latest Biz2Credit Small Business Lending Index reported that small business loan approval percentages at big banks stalled for the first time since June (remaining at 13% in November), while small banks approval percentages continue to rise (up 0.2% from October to November). read more

DEC 13, 2023 - 6:57 am

Bibby Financial Services, an international SME financier, selected asset finance technology provider Alfa’s preconfigured technology platform for asset finance, Alfa Start, in an effort to improve outcomes for clients and colleagues alike. read more

DEC 13, 2023 - 6:56 am

Fleet Advantage won the 2023 World Finance Innovation Award in the category of the ‘Most Innovative Company in the Transportation Industry from World Finance Magazine. read more

DEC 13, 2023 - 6:53 am

First Citizens Bank’s technology, media and telecommunications finance business served as lead arranger of $345 million in financing on behalf of DataBank for construction of a new hyperscale data center in the Atlanta area. read more

DEC 13, 2023 - 6:51 am

Aviation finance company Avolon agreed to order 100 A321neo aircraft from Airbus and 40 737 MAX aircraft from Boeing. The aircraft are scheduled for delivery out to 2032. read more

DEC 13, 2023 - 6:49 am

The CBIZ Small Business Employment Index reported a seasonally adjusted increase of 0.15% in November after experiencing two consecutive months of declines in hiring. read more

DEC 13, 2023 - 6:47 am

Long Island Business News awarded Transervice Logistics its 2023 Best Places to Work on Long Island Award. read more

DEC 13, 2023 - 6:46 am