News Topics

Aircraft Deals

BOC Aviation Delivers Airbus A320NEO to Spring Airlines

BOC Aviation delivered a new Airbus A320NEO aircraft to Spring Airlines, China’s largest low-cost carrier. The aircraft is powered by CFM Leap 1A engines. read more

Associations

ELFA Survey: 2018 Sees Moderate Compensation Growth

A study released by the Equipment Leasing and Finance Association finds that compensation in the equipment finance industry grew moderately in 2018. read more

Bankruptcy

ABI: Total US Bankruptcy Filings Up 6% Y/Y

Commercial chapter 11 filings totaled 414 in September, a 33% increase over September 2018’s total of 312 filings, according to the American Bankruptcy Institute. read more

Economy

Reuters: HSBC to Cut Up to 10,000 Jobs

According to Reuters, HSBC plans to cut up to 10,000 jobs or 4% of its workforce in an effort to reduce costs. read more

Equipment Sector

ACT: Trade War Remains Key Risk to N.A. CV Market

According to the ACT Research North American Commercial Vehicle OUTLOOK, the key risk to all vehicle market forecasts, and the U.S. economy broadly, remains the trade war with China. read more

Industry

AmurEF Wins 2019 BBB Silver Award of Distinction

The Better Business Bureau honored Amur Equipment Finance with the 2019 Silver Award of Distinction in this year’s Greater Nebraska BBB Integrity Awards competition. read more

International

ACT Research: China’s CV Truck Markets Continue to Decelerate

According to ACT Research, the on-going China-US trade war and deceleration of China’s real estate market is expected to slow the Chinese economy, with GDP growth estimated to drop 6.3% in Q3/2019. read more

Joint Ventures

Asset Control Services, Jones Swenson Auctions Form Strategic Alliance

After many years of partnerships on large auction projects across the country, Asset Control Services formed a strategic partnership with Jones Swenson Auctions. read more

Lease Accounting

Deloitte: Lease Accounting Implementation Still Incomplete at Most Companies

Just 26.3% of public company executives report that their implementation of the FASB and IASB lease accounting standards is complete, according to a June 2019 Deloitte poll. read more

Legal / Fraud

ISC, SunTrust Sue Each Other Over Solar Generator Deal Gone Bad

SunTrust Equipment Finance & Leasing and ISC have filed mutual suits against each other in the fallout of a deal with a third, now-bankrupt company, DC Solar, according to the The Daytona Beach News-Journal. read more

Mergers / Acquisitions

Mintaka Financial Acquires Summit Commercial Finance

Mintaka Financial has acquired Phoenix, AZ-based Summit Commercial Finance. read more

New Ventures

First Women’s Bank Submits FDIC Application, Names Board of Directors

First Women’s Bank, an innovative commercial bank with a strategic focus on the women’s economy, filed applications with the FDIC to organize FWBank. read more

Of Interest

Bob Rinaldi Interviews Agave Expert Ricardo at Diversions Blog

Bob Rinaldi added an educational video series on his Diversions blog featuring agave expert Ricardo from the world-famous Hotel Esencia. read more

People

Hoysgaard Joins Corcentric Capital Equipment Solutions as Sales VP

Rob Hoysgaard joined Corcentric Capital Equipment Solutions as vice president of Sales for the Northeast region. read more

Program Agreements

ApplePie Capital Partners with LSQ Funding on A/R Franchise Financing

Online lender and franchise specialist ApplePie Capital entered into a new strategic partnership with LSQ Funding Group, a fintech provider of accounts receivable financing. read more

Recent Earnings

Wells Fargo Reports $4.6B in Income for Q3/19

Wells Fargo reported its financial results for Q3/19. Net income for the quarter was $4.6 billion, compared with $6.0 billion in Q3/18. read more

Securitization

Pawnee Leasing Closes $254MM Securitization of Prime Receivables

Pawnee Leasing, a subsidiary of Chesswood Group, closed its first marketed U.S. securitization of its prime receivables. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com