Truist expands equipment finance ops with new head of structured credit
Truist Financial Corp. has appointed Mark Cuccinello head of structured credit to oversee asset-based lending, working capital solutions and equipment...
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Hitachi Construction Machinery invests $3M in mining AI firm
Hitachi Construction Machinery has invested $3 million in AI firm Rithmik Solutions to accelerate advanced data analytics for mining equipment and...
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TEN closes leasing agreement with USA Truck
Transportation Equipment Network announced it has closed a $50 million enterprise lease agreement with USA Truck to support the carrier’s...
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Wingspire Equipment Finance originations surge 66% in 2025
Wingspire Equipment Finance reported a record performance in 2025, with funding volume surging 66% year over year to $701.3 million....
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Federal Reserve signs off on Fifth Third’s bid to buy Comerica
The Federal Reserve approved Fifth Third Bancorp’s acquisition of Comerica Inc., a key move from the regulator signing-off on one...
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State usury caps complicate equipment finance compliance
State usury laws vary widely and are compounding compliance challenges for equipment financiers due to their complexity and growing impact on commercial lending. Of more than...
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Elevex Capital closes $1B forward flow agreement with TPG
Elevex Capital has closed a forward flow agreement with global alternative asset manager TPG that provides the independent equipment finance...
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Caterpillar crosses $300 billion in market value on AI rally
Caterpillar Inc. shares extended a turbocharged rally fueled by bets on the industrial giant’s artificial intelligence prospects to push its...
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