CIT reached agreement to sell NACCO, the European rail leasing business to German-based VTG for $890 million, plus freight car investments between January 1, 2017 and closing which could be up to $160 million. read more
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An audience poll at Converge 2023 revealed that most equipment finance leaders view innovation as imperative for the industry. Many companies are either planning or in the process of digital transformation initiatives. Innovation means change. Change often triggers fear. A... read more
The landscape for funding sources has shifted a great deal over the last year. With interest rates at the highest level recorded in more than a decade, turmoil in the banking industry after several notable bank failures in 2023, and... read more