Kroll Bond Rating Agency assigned preliminary ratings to four classes of Series 2023-1 notes (CPC 2023-1) issued by CPC Asset Securitization II, which will issue four classes of Series 2023-1...
An Uncertain Economy As we enter the third quarter of 2023, many economic forecasts are highlighting the instability of the global economy. Continued geopolitical tensions, elevated long term core inflation,...
Monitor, the leading publication in the equipment finance industry, held Converge, its 50th anniversary celebration, in Philadelphia on Wednesday and Thursday this week, attracting nearly 300 attendees. The two-day event...
The Federal Reserve announced on Wednesday that it will maintain the target range for the federal funds rate at 5% to 5.25%, noting that economic activity and job gains have...
North Mill Equipment Finance (NMEF), an independent commercial equipment lender located in Norwalk, CT, won the GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its...
Verdant Commercial Capital expanded its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America. This additional capacity will allow Verdant...
TransPecos Banks, a Texas-based banking organization with locations throughout the TransPecos region of west Texas and San Antonio, launched Velocity Equipment Finance, a digital-first equipment finance platform that is aiming...
Inovatec Systems, a provider of cloud-based software solutions for lenders, announced Tony Hoang, the company’s director of client operations and implementation, and Franky Ip, the company’s controller, were named to...
First Citizens Bank appointed Marc Cadieux, a 30-year veteran of Silicon Valley Bank, president of Silicon Valley Bank’s commercial banking business. Based in the California Bay Area, Cadieux will lead...
The Equipment Leasing and Finance Association announced that 30 member employees completed its two-day, instructor-led “Principles of Equipment Leasing and Finance” curriculum, culminating in the completion of an exam and...
