| Daily news for the equipment finance sector |  |
| Industry News |  |  |
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- Polycom offers financing solutions
Polycom, a vendor of unified communication and collaboration, has released finance options for customers. The options are offered through Polycom Capital using Macquarie Equipment Finance. Polycom also signed an agreement with GE Capital to provide working capital to channel partners. iTWire (Australia)
(11/13)     
| Market Trends | | |
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- Corporate earnings rise despite weak revenue
This earnings season has shown that corporate America has been able to increase profit amid flat or declining revenue by squeezing expenses, such as employees' pay. About 70% of 428 companies that have reported third-quarter results have topped analysts' projections for profitability, according to FactSet. The Washington Post
(11/12)
- German economy probably slowed further in Q3
The German economy likely extended a trend of deceleration in the third quarter, with 0.2% growth predicted, compared with 0.3% in Q2 and 0.5% in Q1. The eurozone slowdown finally is taking a toll on Germany, where companies have put off investment and lost export market share. Reuters
(11/12)
- Computer failure halts some NYSE trading
A computer failure forced the New York Stock Exchange to suspend trading of 216 securities and cancel their closing auctions. Trading of the affected stocks, which included JPMorgan Chase, U.S. Steel and Travelers, continued on other exchanges. An NYSE Euronext spokesman said trading appeared to be disrupted by a "software programming issue related to the individual server for these 216 symbols." Bloomberg
(11/12), Forbes
(11/12)
| Government & Regulatory | | |
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- EU lawmakers step up pace to meet Basel III deadline
European lawmakers remain committed to implementing standards to meet Basel III capital requirements by a Jan. 1 deadline, accelerating a schedule of meetings on the subject. Even so, some lawmakers say they might have to extend the deadline to February. U.S. regulators recently said they won't be able to implement Basel III by Jan. 1. Reuters
(11/12), The Wall Street Journal
(11/12)
- Rules prompt more electronic bond trading
Financial-services companies in Europe and the U.S. are jostling for position as more bond trading is pushed to electronic venues. Firms are trying to capitalize on structural changes in bond markets driven by regulatory changes, including the Volcker rule, a revised Markets in Financial Instruments Directive and Basel III capital requirements for banks. Financial News Online (U.K.) (subscription required)
(11/12)
| ELFA News | | |
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Attract talent and increase awareness of our industry with ELFA's Guest Lecture Program
What is the Guest Lecture Program? - A 30-minute presentation, developed by industry experts.
- Customizable, allowing you to share your personal experience.
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- Designed to provide the basics and demonstrate the reason equipment leasing and finance is a viable option in the financing and banking industry.
Download your copy of the Guest Lecture Program presentation. For questions, contact Alexa Carnibella, manager of professional development and online learning, at acarnibella@elfaonline.org or (202) 238-3416.
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How is compensation trending in the equipment-finance sector?
The 2012 Equipment Leasing & Finance Compensation Survey measures compensation for fiscal 2011 as reported by more than 60 equipment-finance companies representing a cross-section of the sector, including small-, middle- and large-ticket companies, banks, captive organizations, and independent leasing and finance companies. Market data for more than 90 executive, front-office and support positions are provided, plus a breakdown of salary, incentives -- including cash bonus and commission -- long-term awards and total compensation by company type. The survey is a collaborative initiative between ELFA and McLagan, a performance and reward consulting and benchmarking firm for the financial-services industry. Learn more or order your copy.
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