CIT Announces End of Written Agreement With Fed
CIT said that it received notice from the Federal Reserve Bank of New York that the Written Agreement between CIT and FRBNY has been terminated.
CIT said that it received notice from the Federal Reserve Bank of New York that the Written Agreement between CIT and FRBNY has been terminated.
Fesnak and Associates announced that Robert R. Van Gulick joined the firm as a partner in the Tax Services Group. He joins Fesnak from KPMG, where he was a tax partner in the State and Local Tax group.
PwC US announced the appointment of Venkata Peri as a partner in the firm’s expanding Risk Assurance practice. An alumnus of PwC Consulting, Peri rejoined the firm from Deloitte Consulting.
A report by BofA Merrill Lynch Global Research, Merrill Lynch Wealth Management and U.S. Trust found significant opportunities in reviving the U.S. economy, innovative technologies and a rising emerging market middle class.
Moody’s said it has changed its outlook on the U.S. banking system to stable from negative, reflecting continued improvement in the operating environment and reduced downside risks to the banks from a faltering economy.
Credit Suisse’s Asset Management business announced that it was named “CLO Manager of the Year” at Creditflux’s 2013 CLO Manager Awards.
Reuters reported that commercial borrowing by small and medium-sized businesses in Canada climbed in Q1/13, driven by strong domestic and global demand, citing a PayNet survey.
In its latest report on manufacturers’ shipments, inventories and orders, the U.S. Census Bureau said new orders for durable goods in April increased $7.2 billion or 3.3% to $222.6 billion.
The ABF Journal and abfjournal.com office will be closed on Monday, May 27 in observance of Memorial Day. We will return on Tuesday, May 28 to bring you our coverage of the commercial finance industry.
Bloomberg reported that GE is considering spinning off parts of its finance unit through an IPO as CEO Jeffrey Immelt works to shrink the business.