Last Week’s Top Stories

Bombardier to Cut 5,000 Jobs, Sell Turboprop Business

Bloomberg reported that Bombardier cash-flow forecasts are dismal. The aircraft manufacturer announced plans to cut 5,000 jobs and sell its turboprop and training businesses. read more

Wintrust Leads $24.2MM Financing to Oilfield Services Co

Wintrust Commercial Finance announced the funding of approximately $24.2 million in debt financing for an Oklahoma-based oilfield services company. read more

ELFA Announces 2019 Business Council Steering Committees

The Equipment Leasing and Finance Association announced the results of the association’s September 2018 Business Council Steering Committee elections. read more

Wells Fargo Vendor Services Extends Hyster-Yale Program Agreement

Wells Fargo announced the extension of its joint venture vendorfinancing relationship with Hyster-Yale Group through 2023. read more

Bank of the West Vet Evans Joins Verdant to Lead Business Development

Verdant Commercial Capital hired John Evans to initiate business development efforts across the key verticals of Specialty Vehicle, Construction, Technology, Industrial and Office Solutions. read more

LEAF Powers JLG Financial Retail Equipment Financing Program

LEAF Commercial Capital will provide a new JLG Financial retail equipment financing program for JLG Industries, a global manufacturer of aerial work platforms and telehandlers. read more

M&T Bank Appoints TD Vet Brum as VP, Sr Equipment Finance Rep

M&T Bank announced Tony Brum was appointed vice president, senior equipment finance representative for the bank in New England. read more

Element Fleet Chairman Tobin to Step Down

Element Fleet Management announced that Chairman Brian Tobin will depart at year end. read more

First Horizon Appoints GE Vet Jones EVP, Wholesale Banking

First Horizon National announced executive leadership appointments and a realignment of its consumer and wholesale banking segments to advance its long-term strategic objectives. read more

Bloomberg: GE Could Face More Tax Worries

Bloomberg reported that General Electric could face mounting tax liabilities in the coming months thanks to the Tax Cuts and Jobs Act. read more

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