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Lender Operations

A sign outside a Societe Generale SA bank branch in central Paris, France, on Monday, Feb. 5, 2024. Societe Generale plans to cut about 900 jobs at its French head office as part of Chief Executive Officer Slawomir Krupas plan to cut costs and strengthen capital.

Lender Operations

Groupe BPCE acquires Societe Generale Equipment Finance

byJohnnie Martinez II

April 11, 2024

Groupe BPCE has entered an agreement with fellow French bank Societe Generale to acquire Societe Generale Equipment Finance, as BPCE...

Lender Operations

U.S. Bank in need of new equipment finance chief

bySamson Amore

April 11, 2024

Anthony Cracchiolo, president and chief executive of U.S. Bank's equipment finance division, is set to retire this year. Cracchiolo helped...

Trucking lenders eagerly await Fed interest rate cuts

Transportation

Orders for Class 8 trucks drop 8.7% in March

bySamson Amore

April 9, 2024

Orders Class 8 trucks in North America March decreased 8.7% year over year, according to data from industry analytics firm...

Generative AI helping find finance cybersecurity solutions

Lender Operations

‘Collaborative’ approaches to combating insurance fraud are key

bySamson Amore

April 8, 2024

Fraud in the equipment finance business continues to persist and the industry could cope with the rising number of bad...

A tow truck sits next to an Arrow Trucking Co. tractor at the company's headquarters in Tulsa, Oklahoma, U.S., on Monday, Jan. 4, 2010. Arrow Trucking Co., the 61-year-old Tulsa-based flatbed carrier, suspended operations on Dec. 22, 2009, laying off employees and stranding scores of drivers by cancelling fuel credit cards, Tulsa World reported. Federal Authorities later issued an emergency order to executives to retrieve company trucks and trailers from truck stops and parking areas around the country.

Lender Operations

Cass Commercial Bank launches equipment finance division

bySamson Amore

April 4, 2024

St. Louis-based Cass Commercial Bank has entered the equipment finance market as a middle- and large-ticket lender. Cass Equipment Finance,...

Lender Operations

Discounting equipment finance transactions can be a disclosure issue

byJohnnie Martinez II

April 4, 2024

As states enact tougher disclosure requirements, equipment discounters who serve as financiers face more disclosures than their broker counterparts. State...

Lender Operations

Mitsubishi HC Capital America moves to AI for predictive pricing, marketing

bySamson Amore

April 3, 2024

Mitsubishi HC Capital America has integrated its first artificial intelligence predictive pricing model for sales, with plans to expand its...

Lender Operations

Equipment discounters balance risk in tight lending environment

byJohnnie Martinez II

April 2, 2024

Equipment discounters, which operate as both broker and lender, are aiming to develop lender and vendor partnerships amid a riskier...

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Lender Operations

Groupe BPCE acquires Societe Generale Equipment Finance

U.S. Bank in need of new equipment finance chief

Orders for Class 8 trucks drop 8.7% in March

‘Collaborative’ approaches to combating insurance fraud are key

Cass Commercial Bank launches equipment finance division

Discounting equipment finance transactions can be a disclosure issue

Mitsubishi HC Capital America moves to AI for predictive pricing, marketing

Equipment discounters balance risk in tight lending environment

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Dealer Operations

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Core capital goods orders rise 12.5% YoY in June

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