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February 7, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Small businesses aren't thrilled about 2013 prospects
    The small-business sector holds a relatively gloomy outlook. Although layoffs have slowed, there's no rush to a hiring binge. A Wells Fargo/Gallup Small Business Index report notes "essentially no improvement in small business job growth over the past two years." However, a small-business hiring index reached -10 last month, up considerably from -27 in January 2010. The Star-Ledger (Newark, N.J.) (2/6) LinkedInFacebookTwitterEmail this Story
  • JPMorgan emerges as most valuable bank in U.S.
    A 1.6% increase in JPMorgan Chase's stock price brought the bank's value to $184.9 billion, eclipsing Wells Fargo's value of $184.2 billion. Analysts say banks that invest heavily, such as JPMorgan, have more room to grow as they recover from the crisis because they were harder hit than national banks, such as Wells Fargo. Bloomberg (2/7) LinkedInFacebookTwitterEmail this Story
  • Railroads plan $24.5B total investment, will hire 11,000
    The freight-rail industry is projected to invest $13 billion in capital expenditures this year and hire 11,000 people, according to the American Association of Railroads. "This year, freight railroads plan to continue to focus on investments that maintain and enhance our physical infrastructure and safety systems, including cutting-edge technology that ensures we are ready to deliver for the future," President and CEO Edward Hamberger said. The Washington Post/The Associated Press (2/6), RT&S online (2/6) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • More metro areas see improving housing market
    Metropolitan areas that have seen their housing market improve increased from 242 in January to 259 this month, according to the National Association of Home Builders/First American Improving Markets Index. The index is based on at least six straight months of uptick in housing permits, home prices and employment. The results show "the housing recovery has substantial momentum and continues to expand from one market to the next," NAHB Chairman Rick Judson said. The Hill/On the Money blog (2/6), Port City Daily (Wilmington, N.C.) (2/6) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Efforts to revamp credit rating agencies are stalled
    The U.S. government's efforts to reform credit rating agencies have bogged down in the years since top-rated mortgage-backed securities started going bad, jeopardizing the financial system. The longer the government waits to overhaul the credit rating system, the closer the nation comes to repeating the 2008 crisis, experts say. The Washington Post (2/6) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  • TD Bank survey finds growing optimism among CFOs
    Middle-market and corporate chief financial officers are optimistic about macroeconomic and business growth during the next year, according to a TD Bank survey. Of respondents, 57% say they are optimistic about their company's performance. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Start your year off right! 50% member discount on ELFA Academy online courses!
    Learning has never been easier or more affordable! Sign up for Fundamentals of Equipment Leasing and Finance, Financial Statement Analysis OR Should You Do the Deal: Case Studies in Equipment Leasing and Finance and receive half-off registration!

    Visit the ELFA Academy. To receive the discount on the Fundamentals course, enter discount code ELFAFUNCOURSE. To receive the discount on the Financial Statement Analysis or the Should You Do the Deal course, enter discount code ELFACREDIT.

    For questions, contact Alexa Carnibella at acarnibella@elfaonline.org or (202) 238-3416. LinkedInFacebookTwitterEmail this Story
  • How is compensation trending in the equipment-finance sector?
    ELFA's Equipment Leasing & Finance Compensation Survey measures industry compensation 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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