Today’s News

KBRA Upgrades Ratings on Multiple Stonebriar Asset-Backed Securities

Kroll Bond Rating Agency published its results from a comprehensive surveillance review of asset-backed securities issued by subsidiaries of Stonebriar Commercial Finance. read more

Rabobank Names Pasdar Head of NA Markets, CEO of Securities

Nader Pasdar joined food and agribusiness bank Rabobank as head of Markets North America and CEO of Rabobank Securities. The bank also appointed Chris Hartofilis the new head of capital markets in North America. read more

Trinity Industries Sees $735MM in Revenue in Q4/2018

Trinity Industries reported its earnings results for the fourth quarter and full year of 2018, including net income from continuing operations attributable to Trinity stockholders of $27.6 million for Q4. read more

M&T Bank Names Ridder NYC Regional President

M&T Bank named Blair Ridder regional president for the New York City market. He will be broadly responsible for 375 employees delivering services to customers and neighborhoods across the metro area. read more

Crestmark Provides $65.4MM+ in Financing in H1/February 2019

Crestmark provided more than $65.4 million in commercial financing solutions for 72 clients in the first half of February 2019. read more

FDIC-Insured Institutions Report Net Income of $59.1B in Q4/2018

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $59.1 billion in the fourth quarter of 2018, up $33.8 billion (133.4%) from a year ago. read more

GECAS Provides Three A320-200s to GetJet Airlines

Aviation lessor and financer GECAS agreed to lease three A320-200 aircraft to GetJet Airlines with all deliveries to take place in spring 2019. read more

ACT: For-Hire Trucking Volumes Pick Up in January to 52.0

The latest release of ACT Research’s For-Hire Trucking Index showed an improvement in freight volumes and truck productivity in January, after a soft finish to 2018. The Volume Index rose to 52.0 in January, from 49.0 in December. read more

Prudential Capital Closes $343MM Mezzanine Fund, Appoints Hemsey as PCEP MD

A few months after closing Prudential Capital Energy Partners I, a $343 million energy mezzanine fund, Prudential Capital has appointed Debra Hemsey as managing director of Prudential Capital Energy Partners. read more

Jennings Promoted to President of Financial Pacific Leasing

Umpqua Bank promoted Terey Jennings to president of Financial Pacific Leasing, the bank’s commercial equipment financing arm. read more

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