Equipment finance new business volume up 6%
Overall new business volume in the equipment finance sector in October jumped 6% year over year and 11% month over month to $11.3 billion despite rising interest rates and the expectation of a forthcoming recession. Year to date, cumulative new business
Alta Equipment Group revenue surpasses $1B
Alta Equipment Group year-to-date revenue surpassed $1 billion in the third quarter, matching its revenue for the full year 2021. Construction segment revenue clocked in at $249.7 million, up 35.7% YoY from $184.7 million, according to the company’s Q3 earning’s presentation
EV equipment financing poses ‘huge opportunity’ for lenders
Financing energy equipment presents a potential opportunity for financiers as electric vehicles (EVs) gain traction, evidenced by General Motors’ launch this month of GM Energy, which will produce EV chargers and energy-management products for homes and businesses. GM Energy will manufacture stationary battery packs and
Evaluating competency is key to hiring process, ex-Google recruiter says
ORLANDO, Fla. — Evaluating a candidate’s competency is key to the hiring process, and a step that financial institutions must take to combat attrition, Ginny Clarke, the former director of executive recruiting at Google, said during a keynote address at the 61st
The Equipment Finance Connect 2023 agenda is live, registration open
Royal Media is pleased to announce the agenda for Equipment Finance Connect 2023, which takes place Feb. 27 to Feb. 28 at the Westin Charlotte, is now live. Equipment Finance Connect 2023 is the first industry event to offer equipment vendors
Royal Media, Trnsact launch equipment finance ‘matchmaking’ event
Royal Media, a leading global information provider and the publisher of Auto Finance News, has partnered with Trnsact, a top equipment finance technology provider, to present a new event for the equipment finance sector to foster meaningful industry relationships and results. The $900
New federal statute eases burden on LIBOR transition
NEW YORK — A new federal statute tied to the Consolidated Appropriations Act should ease the burden on bank-regulated lenders as the industry prepares for the forthcoming transition away from the London Interbank Offered Rate (LIBOR). The Adjustable Interest Rate LIBOR
Financiers should watch for ‘stagflation,’ economist says
NEW YORK — Financiers need to keep an eye on “stagflation” as the cost of goods and services continues to increase as a result of coronavirus-induced supply chain constraints, the compounding effects of the war in Ukraine and rising energy
Former Yamaha Finance exec jumps to commercial vehicle finance
Yamaha Financial Services’ former Chief Risk and Chief Strategy Officer Vijay Patil departed the lender in July, 2021 to helm a new venture that brings the indirect lending model to commercial vehicle finance. Patil is the co-founder and chief operating officer
