News Topics

Aircraft Deals

Lion Air Receives Airbus A330-900NEO from BOC Aviation

BOC Aviation delivered an Airbus A330-900NEO aircraft to Lion Air. read more

Associations

CLFP Foundation Adds 10 New CLFPs

The Certified Lease & Finance Professional Foundation has reported that ten individuals who recently sat through the 8-hour online CLFP exam have passed. read more

Economy

ACT: Key Risk to NA CV Market Forecasts is Trade War with China

According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, the key risk to all commercial vehicle market forecasts remains the on-again trade war with China. read more

Equipment Sector

ACT Research: Class 8 Market-Leading Indicators Continue to Erode

According to ACT Research, Class 8 market-leading indicators continue to erode, in concert with deteriorating freight volumes and rates, even as mid and downstream data points remain robust. read more

Industry

Balboa: 60% of Small Businesses Got Unsecured Loans from Non-Bank Lenders

Direct lender Balboa Capital released a new survey that revealed 75% of small business owners are familiar with unsecured business loans, and 60% acquired their loans from non-bank lenders. read more

International

National Bank of Ethiopia Grants First License to U.S.-Backed Company

The National Bank of Ethiopia granted the first financial services license to a foreign-owned company, Ethio Lease, a capital lease provider and subsidiary of equipment lessor Africa Asset Finance Company. read more

Joint Ventures

DFNY, Dedicated Funding Enter into Strategic Partnership

Dedicated Funding NY formed a new partnership with Dedicated Funding, an equipment finance company that provides quick and simple financing solutions for titled equipment to businesses nationwide. read more

Lease Accounting

FASB Seeks Public Comment on CECL Implementation Delay

The FASB is seeking public comments on a proposal that would grant certain private companies and organizations more time to implement FASB standards on current expected credit losses, leases and hedging. read more

Legal / Fraud

Marlow Joins Moritt Hock & Hamroff as Partner

Law firm Moritt Hock & Hamroff hired Danielle J. Marlow as a partner in its Ligation practice group. Marlow will reside in the firm’s Garden City office in New York. read more

Mergers / Acquisitions

FDIC Approves BancorpSouth Mergers with Summit, Texas Star

BancorpSouth Bank received regulatory approvals from the FDIC to complete its proposed mergers with Summit Bank and Texas Star Bank. read more

New Ventures

Blooma Launches, Seeks Funding for AI-Based Commercial Loan Platform

On August 20, 2019, Blooma launched as a company dedicated to automating AI-driven decision making in commercial loan origination. It concurrently completed its first outside seed round at $2.75 million. read more

Of Interest

Biz Roundtable Redefines a Corporation’s Purpose to Benefit All Stakeholders

Business Roundtable released a new Statement on the Purpose of a Corporation signed by 181 CEOs who commit to lead their companies for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders. read more

People

CIT Names Robbins President of Asset Management

Philip Robbins joined CIT Group as the president of Asset Management and Capital Markets. Robbins will also serve on the company’s Executive Management Committee. read more

Program Agreements

Verdant Commercial Capital Signs Program Agreement with Haulotte

Verdant Commercial Capital executed a multi-year vendor program agreement with Haulotte U.S. read more

Recent Earnings

BOC Aviation Reports $930MM in Revenue in H1/2019

BOC Aviation reported its unaudited results for the six months that ended on June 30, 2019. Revenue rose 13% year over year from the same time period in 2018. read more

Securitization

Amur Equipment Finance Completes Seventh Securitization

Amur Equipment Finance closed its seventh term securitization, a $269.4 million notes issuance secured by small- and mid-ticket equipment loans and leases. read more

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Terry Mulreany
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