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January 2, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Small businesses report higher borrowing for November
    Small-business borrowing increased slightly in November, according to the Thomson Reuters/PayNet Small Business Lending Index. "Small businesses are on hold until they get some better stability from policymakers and greater clarity on the direction of the economy," PayNet co-founder and President William Phelan said. Reuters (1/2) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Major economies have less debt to refinance this year
    The Group of Seven nations, combined with Brazil, India, China and Russia, will have $220 billion less debt that requires refinancing in 2013. The decrease comes as bond markets rally in all major economies for the first time since 2008. Bloomberg (1/2) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • TAG expiration prompts banks to reassure depositors
    Analysts say most bank deposits are likely to stay put even with the end of unlimited guarantees for some deposits because the government would most likely protect depositors in a crisis. Some smaller banks are trying to hang onto depositors by using specialized cash-management firms to split up deposits among a network of banks so that money is insured even without the Transaction Account Guarantee. The New York Times (tiered subscription model) (12/30) LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Business leaders cite economic uncertainty as major factor in early 2013
    A recent conversation with members of the ELFA Financial Institutions Business Council Steering Committee suggests that many equipment-leasing and -finance companies are still feeling the effects of softening demand for capital expenditures among business customers. How long this might last and the outlook for equipment investment will be the subject of one session at the ELFA Executive Roundtable, scheduled March 10 to 12 at The Westin Stonebriar in Frisco, Texas, near Dallas. Keybridge Research President Robert Wescott authors the Equipment Leasing & Finance Foundation's quarterly Equipment Leasing & Finance U.S. Economic Outlook. Wescott will discuss leading indicators for the direction of growth in equipment investment and will provide an analysis of capital spending in the U.S.

    The Executive Roundtable is open only to CEOs, presidents and senior leaders from ELFA regular-member companies. Review the agenda and register. ELFA wishes to thank International Decision Systems, the exclusive sponsor of the Executive Roundtable. LinkedInFacebookTwitterEmail this Story
  • How is compensation trending in the equipment-finance sector?
    The 2012 Equipment Leasing & Finance Compensation Survey measures compensation for our industry as reported by more than 60 equipment-finance companies representing a cross-section of the sector, including small-, middle- and large-ticket companies, banks, captive organizations, and independent leasing and finance companies. Market data for more than 90 executive, front-office and support positions are provided, plus a breakdown of salary, incentives -- including cash bonus and commission -- long-term awards and total compensation by company type. The survey is a collaborative initiative between ELFA and McLagan, a performance and reward consulting and benchmarking firm for the financial-services industry. Learn more or order your copy. LinkedInFacebookTwitterEmail this Story
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Birds sing after a storm; why shouldn't people feel as free to delight in whatever remains to them."
--Rose Kennedy,
American philanthropist

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