Wintrust outstandings up in first quarter
Financier Wintrust Specialty Finance reported its overall outstandings increased in the first quarter to $3.6 billion, up from $3.4 billion...
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Lender Operations
Volvo Financial Services new business volume down 5% in quarter
Volvo Financial Services’ new business volume dropped 5% in the first quarter of 2024 as the number of units it...
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Lender earnings roundup: Funding volumes up
Business volume, both new and existing, is on the rise for equipment finance lenders, based on recent first-quarter earnings reports....
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Groupe BPCE acquires Societe Generale Equipment Finance
Groupe BPCE has entered an agreement with fellow French bank Societe Generale to acquire Societe Generale Equipment Finance, as BPCE...
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U.S. Bank in need of new equipment finance chief
Anthony Cracchiolo, president and chief executive of U.S. Bank's equipment finance division, is set to retire this year. Cracchiolo helped...
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Orders for Class 8 trucks drop 8.7% in March
Orders Class 8 trucks in North America March decreased 8.7% year over year, according to data from industry analytics firm...
Read moreDetails‘Collaborative’ approaches to combating insurance fraud are key
Fraud in the equipment finance business continues to persist and the industry could cope with the rising number of bad...
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Cass Commercial Bank launches equipment finance division
St. Louis-based Cass Commercial Bank has entered the equipment finance market as a middle- and large-ticket lender. Cass Equipment Finance,...
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