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November 28, 2012
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Daily news for the equipment finance sector

  Industry News 
  • Meet the new ELFA members
    More than 70 members joined ELFA this year, adding strength, diversity and segment expertise to the association. Get to know some of your newest associates in this profile of five member companies, and see a list of new members. Equipment Leasing & Finance magazine (November/December 2012) LinkedInFacebookTwitterEmail this Story
  • Commentary: Small business worries about "fiscal cliff"
    Small businesses have much to worry about with the "fiscal cliff," writes Kris Roglieri, president and founder of Prime Commercial Lending and Commercial Capital Training Group. Increased taxes on higher-income individuals will affect small businesses that declare profit on the owner's personal tax return. Lower small-business expense limits also will have a negative effect. The Washington Post (11/27) LinkedInFacebookTwitterEmail this Story
  • Caterpillar takes wait-and-see attitude with China
    The Chinese economy has hit bottom, but Caterpillar is waiting to see when improvement will begin. The company adjusted its operation there when expansion started slowing. "We will know a lot more after we get through the first quarter," Caterpillar Group President and Chief Financial Officer Edward Rapp said. China Daily (Beijing) (11/28) LinkedInFacebookTwitterEmail this Story
  • Why are businesses pulling back on investment?
    Businesses are holding back on long-term investment, but the reason is unclear. The "fiscal cliff" is a strong possibility, which is good news if true, Neil Irwin writes. "The executive who didn't buy that machine or truck in October 2012 might instead do so in January or February of 2013, creating a nice bounce for overall growth," Irwin notes. However, there is a possibility that businesses are holding back because of fundamental weakness in the economy. The Washington Post/Wonkblog (11/27) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Banks see drop in currency-trading profit
    Profit from foreign exchange trading is declining amid a proliferation of platforms and a shift to electronic trading. "The FX market has gone through a transition to being much more automated, and an obvious conclusion of automation is it becomes much more competitive," said Fabian Eliasson of Mizuho Corporate Bank. "It's the same thing that happened with stocks 20 years ago." The Wall Street Journal (11/27) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Basel III won't be postponed, official says
    With many jurisdictions ready to go, Basel III capital rules for banks will take effect Jan. 1 as scheduled, said Wayne Byres, secretary general of the Basel Committee on Banking Supervision. "We are persisting with the date, and those not ready on Jan. 1 can be ready thereafter," he said. Reuters (11/27) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • Registration is open for 2013 ELFA Executive Roundtable
    Attendees may register for the 2013 ELFA Executive Roundtable, the premier event for presidents, CEOs and other top leaders within equipment-leasing and -finance companies. The round table, scheduled March 10 to 12 at The Westin Stonebriar in Frisco, Texas, near Dallas, is designed to bring these leaders together to discuss issues of the day, strategize about the future and create lasting business relationships. Important: Attendance is limited to top executives from ELFA regular-member companies. Each company may send two top leaders to this event.

    See more details, including the agenda and registration information.

    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 fiscal 2011 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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  SmartQuote 
The foolish man seeks happiness in the distance; the wise grows it under his feet."
--James Oppenheim,
American poet, novelist and editor


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