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December 26, 2012
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Daily news for the equipment finance sector

  Industry News 
  • HSR on world's longest line to start in China next week
    China is positioned to begin running high-speed trains next week on the world's longest rail line, spanning more than 1,400 miles. "High-speed railways are needed for national development, for the people and for regional communication. Many countries have boosted their economies by developing high-speed rail," said Zhou Li, head of the Ministry of Railways' science and technology department. Reuters (12/24) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Dealers hoard Treasurys as "fiscal cliff" looms
    Bond dealers have lowered the bonds offered to the Federal Reserve to an average of $8.04 billion per day over the past two weeks -- down from $11.6 billion in September 2011. Demand is growing for U.S. government debt safety as Congress struggles to put together a "fiscal cliff" plan. According to a Bloomberg survey of analysts, 10-year rates will grow to 1.88% by the end of June 2013 and 2.17% by the end of next year. Bloomberg (12/24) LinkedInFacebookTwitterEmail this Story
  • Japanese yen falls to lowest value of 2012 against U.S. dollar
    The decline of Japan's yen against the U.S. dollar accelerated after the release of Bank of Japan minutes showed support among the central bank's policymakers for driving down the value of Japan's currency. The yen fell to its lowest value against the dollar this year. MarketWatch (12/25) LinkedInFacebookTwitterEmail this Story
  • ICE's Sprecher offers his perspective on trading practices
    Jeffrey Sprecher, chairman and CEO of IntercontinentalExchange, shares his views on the industry, including expectations for changes. Sprecher says that he doesn't support paying incentives to attract traders to stock exchanges and that he disagrees with dispersion of trading across scores of exchanges and private markets, two common industry practices. The Wall Street Journal (12/25) LinkedInFacebookTwitterEmail this Story
  • Analysis: Housing-market improvement may boost construction jobs
    The recovery in the housing market could prompt construction companies to hire more workers as demand begins to grow, according to this article. The average workweek for construction workers reached 39.4 hours during the past two months, hitting its highest level in six years. "You're only going to work your existing workforce so hard. You need to hire people at some point," said Joseph LaVorgna, an economist with Deutsche Bank. The Wall Street Journal (12/23) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Real-time trading data coming to SEC
    The Securities and Exchange Commission is testing the software for a system that will give it its first direct access to real-time data on what's going on in the U.S. securities markets. The technology, which will cost the regulator about $2.5 million for the first year, is scheduled to go into full operation early in 2013. The Washington Post (12/24) LinkedInFacebookTwitterEmail this Story
  • Editorial: Study offers insight into high-frequency trading
    A study led by the chief economist at the Commodity Futures Trading Commission leaves some questions unanswered, this editorial argues while wondering why the Securities and Exchange Commission has not investigated high-frequency trading more thoroughly. Bloomberg (12/25) LinkedInFacebookTwitterEmail this Story
  • Small banks try to cope with loss of unlimited deposit guarantee
    Across the U.S., smaller banks are trying to assure business customers that their money won't be at risk when the Federal Deposit Insurance Corp.'s unlimited guarantee on some accounts that don't pay interest ends Monday. When the Transaction Account Guarantee expires, the government's guarantee on noninterest-bearing accounts will drop back to the $250,000 limit that applies to other types of accounts. The Wall Street Journal (12/25) LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Business leaders cite economic uncertainty as major factor in early 2013
    A recent conversation with the members of the ELFA Financial Institutions Business Council Steering Committee suggests that many equipment leasing and finance companies are still feeling the effects of a softening in the demand for capital expenditures among their business customers. How long this might last and what is the outlook for equipment investment will be the subject of one of the sessions planned for the ELFA Executive Roundtable, scheduled March 10-12 at the Westin Stonebriar, Frisco (Dallas), Texas. Dr. Robert Wescott, President, Keybridge Research, is the author of the Equipment Leasing and Finance Foundation's quarterly reports on the Equipment Leasing and Finance U.S. Economic Outlook. Dr. Wescott will discuss the leading indicators for the direction of growth in equipment investment and will provide an analysis of capital spending in the United States. The Executive Roundtable is open to CEOs, Presidents and senior leaders from ELFA regular member companies only. Review the complete 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 rates for our industry as reported by more than 60 equipment finance companies representing a cross section of the equipment finance sector, including small-ticket, middle-market, large-ticket, bank, captive and independent leasing and finance companies. Market data for more than 90 executive, front-office and support positions is 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/reward consulting and benchmarking firm for the financial services industry. Learn more or order your copy today. LinkedInFacebookTwitterEmail this Story
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Never get so fascinated by the extraordinary that you forget the ordinary."
--Magdalen Nabb,
British author

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