After careful analysis of the exposure draft on lease accounting released Aug. 17, 2010, ELFA and industry experts anticipate a number of impacts from the proposal. Many reasons for leasing will still exist if the present value o
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Aug 10
Impact Analysis: How Will the Proposed Lease Accounting Rules Affect Your Business?
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Aug 10
What You Need to Know About the Lease Accounting Exposure Draft
At long last, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have issued the exposure draft for the proposed change in SFAS 13, the lease accounting standard. The complex proposal to overhaul lease accounting will have a significant impact on both
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Aug 10
ELFA’s Survey of Economic Activity: Monthly Leasing and Finance Index
Equipment Finance Sector Continues to Strengthen
Washington, DC, August 24, 2010— The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $518 billion equipment finance sector, showed overall new business volume
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Aug 10
Small Business Confidence Falls
Small business owners’ confidence in the economy soured significantly from July to August in the largest one-month decline since November 2009, according to the Discover Small Business Watch.
Business owners expressed a negative outlook for the economy in general and skepticism that economic con
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Aug 10
Key Equipment Finance Names Thomas N. Doughty Director, Major Markets
SUPERIOR, Colo. – August 30, 2010 – Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY) today announced that Thomas N. Doughty has joined the company’s major markets team as a director. In this role, he will be responsible
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Aug 10
Sterling National Bank Promotes Keith Smith to Senior Vice President and Division Manager of Equipment Finance
Sterling National Bank announced that Keith Smith has been promoted to Senior Vice President/Division Manager of its Equipment Finance Division. Smith’s promotion coincides with the retirement of Andrew Corsi.
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Aug 10
Paul Hackett Joins U.S. Bank Equipment Finance Technology Finance Group
PORTLAND, Ore. (August 27, 2010) — Paul Hackett has joined U.S. Bank Equipment Finance as account manager for its technology finance group. Hackett is responsible for providing equipment leasing and financing solutions to middle market clients in the Northeast.
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Aug 10
GDP Revised Down to 1.6% Growth in Second Quarter
The U.S. Department of Commerce announced today that gross domestic product, the value of all goods and services produced, rose at an annualized seasonally adjusted rate of 1.6 percent in the second quarter of 2010. This was revised from the government’s first report last month of 2.4 percent growth
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Aug 10
Venezuela to start $3 billion debt from Monday
CARACAS (Reuters) – South American OPEC member Venezuela will begin a widely expected billion new debt issue from Monday, Economy Minister Jorge Giordani said.
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Aug 10
Equipment Finance Industry Confidence Index Shows Continued Uncertainty
Washington, DC – August 20, 2010 – The Equipment Leasing & Finance Foundation (the Foundation) releases the August 2010 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing