Equipment Lease Finance Industry Confidence Up Again In July

Who participates in the MCI-EFI? The respondents are comprised of a wide cross section of industry executives, including large-ticket, middle-market and small-ticket banks, independents and captive equipment finance companies. The MCI-EFI uses the same pool of 50 organization leaders to respond monthly to ensure the surveys integrity. Since the same organizations provide the data from month to month, the results constitute a consistent barometer of the industry’s confidence. How is the MCI-EFI designed?

Poland’s premier backs under-fire finance minister

“Someone who acts at a time of a crisis surely makes mistakes, but the balance of Rostowski’s actions is absolutely positive and thanks to him we pay less for our borrowings,” Tusk said at a news conference in the Polish city of Pulawy. The difficult fiscal situation has been eagerly used by the main opposition party, Law and Justice (PiS), who have called for a special parliamentary committee to investigate budgetary issues as well as Rostowski’s actions. Under the new budget plan, this year’s deficit will be widened by about $5 billion. Poland will suspend a rule that prevents the deficit growing if, as is the case now, public debt is over 50 percent of gross domestic product. At the same time, there will be spending cuts worth about $2.6 billion.

Judge rules against punitive damages in Fair Finance lawsuit

Trustee Brian Bash is seeking $72.2 million from Fortress Credit Corp., which loaned money to Fair Finance. Bashs lawsuit alleges that a $50 million credit facility from Fortress helped enable a massive fraud scheme at Fair Finance. U.S. District Judge Patricia Gaughan in Cleveland also ruled late last year that Bash could not seek treble damages against Fortress, which is headquartered in New York City. In Gaughans latest ruling, on Friday, she said Bash cannot seek punitive damages against Fortress, either.

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