Today’s News

IDS Experiences Increased Demand in October; Executes Five Go-Lives

Demand for IDS’ InfoLease 10 portfolio management software platform increased in October, with the addition of new customer IBERIABANK and four additional go-lives. read more

IBERIABANK Corporate Asset Finance Selects InfoLease 10 from IDS

International Decision Systems announced that IBERIA Corporate Asset Finance selected InfoLease 10 to power its newly-launched equipment finance and leasing business. read more

GATX Q3 Earnings Reflect “Challenging Conditions”

GATX reported Q3/17 net income of $49.0 million compared to net income of $95.7 million in Q3/16. CEO Brian Kenney said, “Challenging conditions continue in the NA railcar leasing market." read more

Signature Bank Back on Track after Taxi Medallion Episode

Signature Bank reported Q3/17 net income was $124.5 million versus $76.1 million in the same 2016 quarter, which included $61.7 million of provision expense for the Chicago taxi medallion portfolio. read more

U.S. Bank Launches New Barometer for Shipping Industry

Based on U.S. Bank’s newly launched Freight Payment Index, there was an 8.3% jump in the U.S. Bank National Spend Index, the largest quarterly gain since Q4/14. read more

KeyCorp Reports Q3/17 Lease Finance, C&I & Operating Lease Growth

KeyCorp reported commercial lease finance average balance and operating lease asset growth in Q3/17. Key also noted C&I loan yields of 3.97% in Q3/17 were up 59 basis points from 3.38% a year earlier. read more

Daimler Group Considers Divisional Restructuring

Daimler may create three legal independent entities, separating Mercedes-Benz Cars & Vans from Daimler Trucks & Buses in addition to existing independent division Financial Services. read more

CLFP Foundation Adds 22 to Ranks, Nears 500 Certified

The Certified Lease & Finance Professional Foundation announced that 22 individuals who sat for the eight-hour web-based exam have passed. read more

Snap-On Reports Double-Digit Y/Y Increase in Finance Receivables

Snap-On reported finance receivables at the end of Q3/17 of $1,524.4 million, up 10.9% from $1,374.2 million at the end of the same period in 2016. Q3/17 originations of $271.8 million were up from 2016 levels. read more

Strong North America Class 8 Production Impacts Backlog, Build Rate

According to ACT Research, despite the previously reported improvement in September’s heavy duty orders, even stronger production during the month weighed on backlogs, which contracted for a fifth consecutive month. read more

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Terry Mulreany
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