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Lessors Media Network     Breaking Financial News Around The Web
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Breaking News

Launched in 1998 by industry veteran John O. Semon, The Lessors Network is designed to keep the largest equipment lease finance community on the Web informed of breaking news shaping our industry. News is aggregated from thousand of trusted sources around the world. Multi-channel distribution platforms incorporate this site, Google News, Social Media and an Email Alert Distribution system landing on the desk of thousands of industry professionals around the world each morning.

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Bullet  GE Capital Agents $9 Million Senior Secured Credit Facility for USGI(R) Medical
GE Capital's Healthcare Financial Services (HFS) business is one of the most active capital providers in the U.S.
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Bullet  Equipment Leasing and Finance Industry Confidence Remains Steady in July
The overall MCI-EFI is 61.4, unchanged from the June index.
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Bullet  CIT to Acquire OneWest Bank for $3.4 Billion in Cash and Stock
Acquisition Advances CIT’s Bank Strategy
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Bullet  EIB continues to finance projects through BCR Leasing in Romania
This is the second tranche of a loan of EUR 75 million approved by the EIB following the successful disbursement of the first part of the loan of EUR 15 million signed earlier this year.
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Bullet  CIT Reports Second Quarter 2014 Net Income of $247 Million ($1.29 Per Diluted Share)
Solid Asset Growth – Finance and leasing assets grew 10% from a year ago
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Bullet  CIT to Repurchase up to $500 Million of Common Stock
Management will determine the timing and amount of any share repurchases under the share repurchase authorizations based on market conditions and other considerations.
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Bullet  Romania’s operational leasing market gains 12.3 percent in second quarter
The operational leasing firms have registered around 5,400 new cars in the first six months of this year, accounting for over 15 percent of all registration of cars and small commercial vehicles.
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Bullet  Balboa Capital Continues Rapid Growth; Expands Workforce With Over 130 New Hires In First Half Of 2014
Balboa Capital specializes in equipment leasing, large ticket financing, franchise financing, franchise working capital loans, small business loans, and equipment vendor financing.
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Bullet  Profits are high and interest rates are low, yet capital spending continues to lag
Equipment spending in particular has averaged 5.2 percent of the economy over the past five years, as The Wall Street Journal noted Monday, down from 6.5 percent over the previous half-century.
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Bullet  GSG Financial Announces New Corporate Headquarters
GSG Financial is an independent equipment lessor that facilitates capital acquisitions through personalized service and customized financial products.
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Bullet  How Needham's Salus Capital landed $250M Radio Shack deal
They need a lifeline, and to get it they'll take an aggressively structured deal from lenders that don't bother with any feel-good talk about their mission to grow jobs, or strengthen the economy.
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Bullet  China Bohai Leasing approves deal to buy 70 Airbus aircraft
This month, BOC Aviation, the aircraft leasing arm of the Bank of China, ordered 43 planes from Airbus...
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Bullet  EIB lends EUR 30 mln to BCR Leasing
The EIB loan is granted under the Joint IFI Plan for Growth in Central and South Eastern Europe.
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Bullet  Finance Industry Bonus Hit in Poll as Revenue Disappoints
Almost half of all finance professionals expect bonuses to be smaller this year, if they get one at all, according to a Bloomberg Global Poll.
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Bullet  SunTrust Reports Second Quarter 2014 Results
Average performing loans increased $2.3 billion, or 2%, sequentially, and $9.8 billion, or 8%, compared to the second quarter of 2013, driven primarily by growth in the C&I, commercial real estate, and consumer portfolios.
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Bullet  GE profit rises 13 pct, expects retail finance IPO end-July
The U.S. conglomerate has been planning a partial IPO of the North American retail finance business, to be called Synchrony Financial, as part of a plan to exit the business and slim down its overall GE Capital unit.
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Bullet  GE's Synchrony Financial IPO Could Come as Early as Friday
Deal Critical to Chief Executive Jeff Immelt's Drive to Shrink General Electric's Finance Business
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Bullet  China, Brazil sign financial agreements
The Export-Import Bank of China (Eximbank) and Brazil's mining giant CVRD signed a framework agreement, under which Eximbank would provide 5 billion U.S. dollars in three years to support the Brazilian company to purchase or lease equipment, vessels and related services from Chinese enterprises.
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Bullet  Leasing companies may join Central Credit Register
Baku, Fineko/abc.az. The Central Credit Register (CCR) of the Central Bank of Azerbaijan may expand its operations in other segments of the financial infrastructure.
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Bullet  LaSalle Solutions Named to the Monitor 100 List
LaSalle Solutions has been a trusted provider of IT, healthcare and material handling equipment financing options since 1980.
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Bullet  KeyCorp Reports Second Quarter 2014 Net Income Of $242 Million
Disciplined capital management with common share repurchases of $108 million and dividend increase of 18%
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Bullet  CIT and Rolls-Royce Finalize Agreement for Trent 7000 Engines for Airbus A330-900neo Family Aircraft
“These newly designed engines, which will power our recent order of A330-900neo aircraft, will provide increased fuel efficiency to our customers and ensure that we continue to maintain one of the most technologically advanced fleets in the industry,” said Jeff Knittel, President of CIT Transportation & International Finance.
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Bullet  Prologis: Leasing Demand From E-Commerce Sector Doubled in Last Three Years
The report notes that e-commerce sales are growing at a rate of 20 percent annually and are expected to reach $750 billion globally this year.
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Bullet  Udvar-Hazy Adds to Legacy by Test-Flying Planes He Buys
As Steven Udvar-Hazy assesses whether to acquire new planes for the leasing company he runs, he enjoys an edge over other buyers: He can test-fly the jets himself.
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Bullet  MicroFinancial Incorporated Announces Second Quarter 2014 Results
MicroFinancial Incorporated (NASDAQ:MFI) , a financial intermediary specializing in vendor-based leasing and finance programs for microticket ...
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Bullet  CIT Declares Quarterly Dividend
Increases Dividend by 50% Over Previous Quarterly Cash Dividend
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Bullet  Conceptual differences hamper lease accounting project
The project was launched back in 2006 when convergence was still a buzzword.
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