News Topics

Aircraft Deals

CDB Aviation Leases Pair of E190s to Myanmar Airways International

CDB Aviation announced the signing of a lease agreement for a pair of Embraer E190 aircraft with Myanmar Airways International. read more


NBAA Cancels ABACE 2020 in Wake of Coronavirus Outbreak

The NBAA canceled this year’s Asian Business Aviation Conference & Exhibition (ABACE), given health concerns and other special challenges which have arisen in the wake of the Coronavirus outbreak. read more


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


Equipment Finance Industry Confidence Holds Steady in February

The ELFF released its February 2020 Monthly Confidence Index (MCI-EFI), which eased to 58.7 from 59.9 in January. Despite the drop, 50% of respondents plan to increase business development spending activities. read more


Survey: Business Owner Optimism Softens, Digital Marketing Usage Up

The latest Wells Fargo/Gallup Small Business Index survey showed that most business owners have a positive outlook on their financial situation and plan to use digital marketing to attract new customers. read more

Equipment Sector

With Freight-Generating Sectors on the Mend, ACT Predicts 5-Year Expansion

With solid consumer fundamentals, no obvious imbalances, and a manufacturing downturn in the rearview mirror, it is harder to see a recession now than it was six months ago. read more


CIT Upgrades B2B Point-of-Sale Lending Platform

CIT Group’s Small Business Solutions group has released a new version of its award-winning platform that will transform the process of selling equipment with financing to business customers. read more


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

LeaseAccelerator Study Explores Lease Accounting Center of Excellence Use

LeaseAccelerator released the results of a research study on the use of lease accounting centers of excellence by public companies that have adopted ASC 842. 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

Citizens Expands Corporate Finance Team with Trinity Capital Acquisition

Citizens Financial Group agreed to purchase the assets of Trinity Capital, a Los Angeles-based advisory firm that delivers a range of financial services to commercial clients. read more

New Ventures

Crestmark Launches Two Financing Groups Led by Tomasello and Holdbrooks

Crestmark launched a Business Credit group, led by Steven Tomasello and a Commercial Capital group led by Heath Holdbrooks. read more

Of Interest

WSJ Examines ‘Invisible Wall’ That Keeps Women from CEO Roles

The Wall Street Journal reported on the reasons why so few women lead companies as CEO, citing not only a glass ceiling but an “invisible wall” that holds them back. read more


Exclusive: Slagle, Hall and Grabner to Lead BankFinancial Equipment Finance Expansion

BankFinancial Equipment Finance expanded its capabilities to include leasing to governmental, middle market and small business lessees. Marci Slagle, Stephanie Hall and Robert Grabner will lead the expansion. read more

Program Agreements

BNP Paribas Leasing, Esaote Ink International Program Agreement

BNP Paribas Leasing Solutions and Esaote signed an international partnership agreement for BNP to provide finance solutions, which will allow Esaote customers easier access to equipment. read more

Recent Earnings

OnDeck Q4/19 Net Income Down 44% Y/Y, Revenue Flat

OnDeck reported Q4/19 net income of $9.3 million was down 44% while gross revenue remained flat. Full-year net income and gross revenue showed year-over-year gains of 3.7% and 12%, respectively. read more


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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