GE Closes Sale of Franchise Finance U.S. Hotel Business

April 26th, 2016
GE completed the previously announced sale of GE Capital’ s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation . The sale includes approximately $1.3 billion in ending net investment (ENI) and the majority of the hotel business employees. See original here: GE Closes Sale of Franchise Finance U.S. Hotel Business

Bibby Financial Canada Hires ABL Vet Millar as VP

April 25th, 2016
Dan Millar has joined Bibby Financial Services Canada as vice president. Millar’s responsibilities will include delivering growth in large ticket factoring and asset-based lending through growing the company’s Canadian client portfolio. See original here: Bibby Financial Canada Hires ABL Vet Millar as VP

Disrupting the Disruptors: What Happens When the Boundaries of Entrepreneurship are Challenged

April 25th, 2016
Looking to grow your business quickly? Forget all you know about building businesses the traditional way. See original here: Disrupting the Disruptors: What Happens When the Boundaries of Entrepreneurship are Challenged
Posted under: Business businesses

Do You Really Have a Startup? Ask Yourself 3 Questions

April 25th, 2016
It is sexy to be a startup founder, but most companies are really small businesses. Answer these three questions to know the difference. Read the original here: Do You Really Have a Startup? Ask Yourself 3 Questions

KeyCorp Reports Lower Q1 Earnings; Asset Quality Impacted by Oil & Gas

April 25th, 2016
KeyCorp reported Q1/16 net income from continuing operations of $182 million, down from $222 million in Q1/15. During Q1/16, Key incurred merger-related expense totaling $24 million See the rest here: KeyCorp Reports Lower Q1 Earnings; Asset Quality Impacted by Oil & Gas

Fifth Third Q1 Earnings Hurt by Energy Loan Related Provisioning

April 25th, 2016
Fifth Third Bancorp reported Q1/16 net income, after preferred dividends, was $312 million compared to $346 million in Q1/15. The following highlights were excerpted from the news release: Average commercial leases for the Q1/16 period end of $3,874 million was up 4% compared to $3,715 million at the end of the same period in 2015. Provision for Q1/16 loan and lease losses of $119 million was up 72% from $69 million in the same quarter one year earlier Continue reading ...