CIT Q1 Earnings Reflect Impact of OneWest Acquisition

April 28th, 2016
CIT Group reported Q1/16 net income of $147 million compared to net income of $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. Income from continuing operations for Q1/16 was $152 million compared to $104 million in the year-ago quarter. “Since I recently became CEO and defined our strategy to become a leading national middle market bank, our team has been very focused on executing on our plan to improve returns as ...

BMW building tricked-out wheelchairs for Paralympics

April 27th, 2016
U.S. Paralympic racers in the 2016 Rio games will get custom racing wheelchairs designed and built by BMW. Read this article: BMW building tricked-out wheelchairs for Paralympics
Posted under: Business IRS

Fifth Street Provides Q2/16 Capital Markets Outlook

April 27th, 2016
Totaling just $7.33 billion, sponsored middle market loan volume reached a six-year low in the first quarter — exceptionally weak even when viewed against the traditional seasonal pattern of lighter volume. On the heels of a sluggish year in 2015, Fifth Street remained cautious in its outlook for the new year; yet, volume dropped more precipitously than expected Read the original post: Fifth Street Provides Q2/16 Capital Markets Outlook
Posted under: Business capital IRS loan

Fifth Street’s Q2/16 Capital Markets Outlook

April 27th, 2016
Volume Declines Dramatically Totaling just $7.33 billion, sponsored middle market loan volume reached a six-year low in the first quarter — exceptionally weak even when viewed against the traditional seasonal pattern of lighter volume. On the heels of a sluggish year in 2015, we remained cautious in our outlook for the new year; yet, volume dropped more precipitously than expected See original here: Fifth Street’s Q2/16 Capital Markets Outlook

Scott Shapiro Joins Crestmark as Regional First VP

April 27th, 2016
Scott Shapiro joined Crestmark as regional first vice president, business development officer for the West Division. Shapiro, who is based in Crestmark’s Los Angeles office, reports to Ray Morandell, senior vice president, national sales manager. Shapiro comes to Crestmark from Houston-based Briar Capital where he was senior vice president, business development officer for the Los Angeles market. See the original post: Scott Shapiro Joins Crestmark as Regional First VP

This Is How IPOs Destroy Great Companies

April 26th, 2016
'Employees First?' Faced with Wall Street pressures, the Container Store freezes wages. Read this article: This Is How IPOs Destroy Great Companies
Posted under: Business FREE IRS