News Topics

Aircraft Deals

GA Telesis Agents Financing of 10 Boeing Aircraft for U.S. Airline

GA Telesis acted as structuring agent for the acquisition and financing of 10 Boeing aircraft for a major U.S. airline. read more

Associations

ELFA Announces Top 10 Equipment Acquisition Trends for 2020

The Equipment Leasing and Finance Association revealed its Top 10 Equipment Acquisition Trends for 2020. read more

Bankruptcy

Celadon to Declare Bankruptcy; Could Leave Thousands of Drivers Stranded

According to Business Insider, Celadon Trucking plans to file for bankruptcy by December 11. It would potentially be the largest truckload bankruptcy in history. read more

Economy

Recession Depends on Definition: U.S. Economy Poised for 1.8% Expansion

ACT Research projected that the U.S. economy is poised to expand by 1.8% in 2020. read more

Equipment Sector

ACT For-Hire Trucking Index: Rates Slip Amid Strong Holiday Freight

The latest release of ACT’s For-Hire Trucking Index showed improvement in for-hire freight volumes and utilization, with 55.5 and 52.3 respective diffusion index readings, both up four points from November. read more

Industry

Alfa CTO Flegg Discusses AI in Podcast

Andrew Flegg, chief technology officer at Alfa has made an appearance on the UK’s Finance and Leasing Association’s podcast in its In Conversation With.. series. read more

International

WSJ: Shadow Banks Leading Cross-Border Credit Growth

The Wall Street Journal reported that nonbank financial institutions have been taking the lead in cross-border credit, with their share of activity up 17% year over year. read more

Joint Ventures

JDR Solutions Partners with LTi to Serve ASPIRE Platform Customers

JDR Solutions has strategically partnered with LTi Technology Solutions to offer servicing to their customers on the ASPIRE platform. read more

Lease Accounting

FASB Issues Accounting Standards Update

The FASB issued an accounting standards update that clarified the interaction between accounting standards related to equity securities, equity method investments, and certain derivatives. read more

Legal / Fraud

Former Wells CEO Stumpf Charged $17.5MM, Prohibited from Banking

The Office of the Comptroller of the Currency issued a prohibition order and a $17.5 million civil money penalty against former bank Chairman and CEO John Stumpf. read more

Mergers / Acquisitions

BMO Capital Markets Bolstered by Clearpool Group Fintech Acquistion

BMO Financial Group has entered into a definitive agreement to acquire Clearpool Group, a New York-based provider of holistic electronic trading solutions and an independent agency broker-dealer. read more

New Ventures

Credit Suisse Launches SCALE Aviation

Credit Suisse established a new subsidiary, SCALE Aviation, focused on supporting its clients in driving increased aviation investment and facilitating execution of aviation transactional activity. read more

Of Interest

Additional Safety Concerns Examined in Boeing 737MAX

The New York Times reported that regulators are concerned about new safety risks with the Boeing 737 MAX. read more

People

Everlasting Capital Promotes Seal to Chief Visionary Officer

Everlasting Capital promoted Jason Seal as chief visionary officer. read more

Program Agreements

DLL Provides Cobot Leasing Program for Universal Robots

Universal Robots launched its new cobot leasing program in collaboration with DLL. read more

Recent Earnings

GATX 2019 Net Income Holds Steady Despite Railcar Oversupply

GATX reported 2019 Q4/19 net income of $56.6 million compared to net income of $49.2 million in Q4/18. Net income for the full-year 2019 was $211.2 million compared to $211.3 million in the prior year. read more

Securitization

North Mill Equipment Finance Closes $164MM Securitization

North Mill Equipment Finance closed its third commercial equipment asset backed securitization, NMEF Funding 2019-A, at $164 million. read more

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Terry Mulreany
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