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February 6, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Banking system's growth tracks economy's, report says
      
    A Hamilton Place Strategies report says growth of the banking sector and the economy has correlated during the past two decades. "Critics have painted the picture of an out of control, large banking sector that must be reined in," writes Patrick Sims, a director at Hamilton Place Strategies. "Yet, the data shows that the U.S. banking sector has actually grown proportionately with the rest of the economy." FinancingAmericasEconomy.com (2/5) LinkedInFacebookTwitterEmail this Story

  • Canadian railway unveils $1.9B capital investment
    Canadian National Railway is planning a $1.9 billion investment this year for business, service and rail-network development. "CN is committed to operating a safe and sustainable railway, making continued improvements in service and seizing traffic opportunities to grow at low incremental cost," President and CEO Claude Mongeau said. "Infrastructure investments, the acquisition of new locomotives and equipment, and the enhancement of information technology systems will help support our agenda of operational and service excellence." Reuters (2/5), Winnipeg Free Press (Manitoba) (tiered subscription model)/The Canadian Press (2/5) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Global investor risk appetite rose in January
    January was a pivotal month for global investor sentiment, switching from an emphasis on safety to a higher tolerance for risk, according to the Institute of International Finance. The IIF noted that equities and higher-yielding corporate bonds were more in demand last month as funds flowed out of U.S. Treasurys and other safe instruments. Xinhuanet.com (China) (2/5) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • FASB updates standard involving other comprehensive income
    The Financial Accounting Standards Board has updated a standard that deals with reporting reclassification out of other comprehensive income. "The update improves reporting in a manner that enhances reporting for users of financial statements, without imposing significant costs to preparers of financial statements," Chairman Leslie Seidman said. Accounting Today (2/6) LinkedInFacebookTwitterEmail this Story
  • Politicians want quantitative-impact study of Basel III
    U.S. politicians are taking up a cry for a quantitative-impact study before Basel Committee on Banking Supervision rules are implemented. The study, however, would take a significant amount of time, risking a substantial delay of Basel III. "We don't want to be the ones that give everyone else the excuse to slow down or abandon the project entirely," said Sheila Bair, former chairwoman of the Federal Deposit Insurance Corp. "That's why a U.S. QIS would be disappointing." Risk.net (subscription required) (2/5) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  • Global new leasing rose 21.9% in 2011
    New business leasing worldwide increased 21.9% in 2011, to a record $724 billion, according to the White Clarke Global Leasing Report. It is a remarkable achievement given economic events of the year, report author Ed White writes. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Are you a bank, independent or captive executive? Join the conversation at the April 9 Best Practices Roundtables
    ELFA will hold three invitation-only Best Practices Roundtables -- bank, independent and captive -- designed to gather senior leasing and finance executives for information sharing and critical thinking about issues they are facing as leaders of their organization.

    Each round table is scheduled from noon to 4:30 p.m. April 9, the first day of the National Funding Conference.

    Attendance is by invitation and is open to ELFA member companies only. Keep an eye out for your e-mail invitation! For questions, contact Alexa Carnibella at acarnibella@elfaonline.org or (202) 238-3416. LinkedInFacebookTwitterEmail this Story
  • Target your message
    Looking to reach leaders in the $725 billion equipment-finance industry? There's no more efficient way to target your message than advertising in Equipment Leasing & Finance magazine. We're the market leader, with the largest readership of any magazine in the industry, unique access to ELFA resources and highly rated content. Advertise in the March/April issue, which will focus on key industry trends.
    • Funding Forecast
    • Credit & Collections Spotlight
    • Insights: ELFA Beige Book
    • Unclaimed Property Audits
    • Executive Perspective
    • ELFA Spring Event Lineup
    • 2013 Legal Buyers Guide

    To develop a media buy that serves all of your needs, contact Steve Wafalosky at stevew@larichadv.com or (440) 247-1060. The advertising deadline for the March/April issue is Feb. 15. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel."
--Maya Angelou,
American author and poet


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