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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  Pacific Financial Corporation Profits Increase 36%
Driven by Accelerating Loan Growth, Solid Credit Quality and Strong Net Interest Margin
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Bullet  HF Financial Corp. Reports 12.5% Increase in Earnings
Loans Increase by $57.0 Million or 7.7% from the Third Fiscal Quarter;
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Bullet  ME Bank has appointed Carlo Cataldo as chief risk officer
Mr Cataldo has 20 years of experience in senior risk roles, including six years at the consumer chief risk officer at financial services provider GE Capital.
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Bullet  Fleet Financing Resources Reports First Half Funding Volume up 15%
Fleet Financing Resources (FFR) announced total funded volume of $26.5 million for the first six months ending June 30, 2014, up 15% over prior year results.
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    Marks & Associates Legal Services    
Marks & Weinberg

Marks & Associates is a law firm that focuses exclusively on equipment leasing and finance. The lawyers of our firm have significant experience in dealing with virtually every type of equipment and facility financing, have participated in equipment financings worth over a billion dollars, and are recognized throughout the industry.

Contact: Barry Marks  |  205.251.8303

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Bullet  Lloyds Bank to Pay Nearly $370 Million to Resolve Libor Investigations
The people involved have either left Lloyds, been suspended or are subject to disciplinary proceedings, the company said.
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Bullet  U.S., Canada to Oppose World Bank Aid Projects in Russia
The World Bank unit that lends directly to governments has 10 investment projects currently in Russia totaling $668 million
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Bullet  Will we lease everything, including a toaster oven, in future?
Call it a sharing economy or something fancy like collaborative consumption, but the idea of leasing instead of buying or owning is catching on in anything from a pair of jeans to cab services.
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Bullet  CCS strengthens ties with ICBC Leasing
The two companies signed a similar agreement in June to jointly develop a shipowner/shipyard appraisal system, leasing risk management system and client recommendation system.
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Bullet  $4.5 Million Pay as Vice Chairman of CIT
CIT Group Inc. (CIT), the lender that struck a deal to buy Steven T. Mnuchin’s OneWest Bank, said the executive will be awarded an annual target compensation package of $4.5 million.
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Bullet  Convergence unachieved after IASB publishes financial instruments standard
The IASB and FASB worked for years to meet international calls for a converged financial instruments standard, but their efforts proved unsuccessful in part because they were unable to agree on a model for impairment.
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    Summit Funding Group, Inc. Funding Source    
Summit Funding

Summit Funding Group, Inc. has amassed a high performing portfolio in excess of $1.5 billion in equipment lease and finance originations and a history of working with companies of all sizes and most industries. Built to last, we deliver peak results with equipment finance solutions in any economic cycle.

Contact: Richard Ross  |  513.489.1222

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Over 1,400 Members
Lessors Network Adds LinkedIn Group Members

Bullet  Welcome New LinkedIn Group Members
Hughes, Brian - Finance 4 Business Equipment - United Kingdom
Mewhirter, CFA, Doug - SunTrust Robinson Humphrey - VA
Mishra, Yogesh - Shriram Transport Finance - India

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Bullet  Rentech Nitrogen Partners, L.P. Secures $50 Million Revolving Credit Facility
This credit facility replaces the $35 million working capital facility established in April 2013, providing more flexibility at lower cost to the partnership.
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Bullet  Systems and Service Improvements at Trailcon Led by New Hire Paul Merryweather
Trailcon President Alan Boughton said Merryweather's experience in the field is "outstanding," particularly in fleet management and maintenance.
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Bullet  Leader in Quick and Easy Business Loans, Innovative Lease Services Inc. Shows Significant Growth
Innovative Lease Services (ILS) has processed over 1,300 financing opportunities representing over $91 Million...
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Bullet  GE Antares Provides $555 Million to Finance Hilex Poly’s Acquisition of Leading Paper Bag Producer Duro Bag
“GE Antares was an ideal financing partner to help join these two companies,” said Alex Washington, managing director of Wind Point Partners.
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    PricewaterhouseCoopers Like Kind Exchange    
PricewaterhouseCoopers

PwC-eLKE is a comprehensive Like Kind Exchange solution that enables your company to capture LKE tax benefits in an automated and cost effective manner.

Contact: Rick Reekie  |  214.999.2580

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Bullet  Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
June New Business Volume Up 5 Percent Year-over-year, Up 30 Percent Month-to-month, Up 3 Percent Year-to-date
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Bullet  Marshall Leasing launches new website
The new site - www.marshall-leasing.co.uk - has adopted a new look and feel, as well as a greater functionality through new technology...
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Bullet  Covering the Cost of Capital Equipment with Hybrid Financing Structures
While bond financing has historically been the most common way for water utilities to fund new or upgraded equipment, it also comes with some heavy lifting.
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Bullet  MicroFinancial Incorporated Announces Cash Dividend
This dividend represents the same amount per common share as the last dividend paid by MFI in May of 2014.
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    LeasingWorld Media Services   
LeasingWorld | Media

LeasingWorld magazine is a world leader for leasing news and analysis. It has a strong reputation for professional articles on all aspects of equipment leasing. Because we see our leasing industry as a global community, we tailor our output to satisfy the whole of the leasing world, right across the globe.

Contact: Jan Szmigin  |  +44(0)1905 621444

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