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US business up 5%: ELFA 24 July, 2014 | By Jonathan Minter
US new business volumes were up 5% year-on-year for the month of June, and up 3% year-to-date, according to the US Equipment Leasing and Finance Association (ELFA).
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CIT in $3.4bn OneWest Bank acquisition as company
Wednesday, July 23, 2014 by Jonathan Minter US commercial lending and leasing service company CIT is to acquire OneWest Bank for $3.4bn (€2.5bn) in cash and stock, after signing a definitive agreement and plan of merger with OneWest’s parent company, IMB Holdo.
The Car Finance Company go commercial and offer shares to staff
Wednesday, July 23, 2014 by Mike Cobb UK based near prime lender The Car Finance Company has launched a new service to cater to SMEs after seven years covering the near and subprime sector in consumer car finance.
UTB appoints asset finance credit manager
Wednesday, July 23, 2014 by Isabella Grotto United Trust Bank (UTB) has appointed Alan Munday to the post of credit manager within its asset finance business.
US confidence remains high: ELFF
Tuesday, July 22, 2014 by Jonathan Minter US confidence in the equipment finance market remained unchanged in July, compared to June, at 61.4 in the US Equipment Leasing and Finance Foundation’s (ELFF) Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
EIB to provide €30m to Romania's BCR Leasing
Tuesday, July 22, 2014 by Isabella Grotto The European Investment Bank (EIB) is to lend €30m to BCR Leasing, a member company of Banca Comerciala Romana Group.
Cabot takes invests £25m in Henry Howard Finance
Monday, July 21, 2014 by Jonathan Minter Updated: 23/07/2014: Financial services private equity investor Cabot Square Capital has invested £25m in Henry Howard Finance (HHF), in order to enable it to increase its provision of finance for SMEs.
BOE: bank alternatives an increasing source of finance.
Monday, July 21, 2014 by Jonathan Minter Non-bank alternatives are becoming an increasingly important source of finance for some firms, according to the Bank of England.
UTB hire hints at possible future asset finance move
Friday, July 18, 2014 by Jonathan Minter United Trust Bank (UTB) has hired Kevin Flowerday to launch a new professional lending product, with full details of the product to be announced.
Fleet Friday: Sky's the limit for EV
Friday, July 18, 2014 The weekly round up of fleet news, this week featuring EV moves for the UK Government and Sky, new vehicles and driver empowerment. By Jonathan Minter and Isabella Grotto
FCA: "the industry is starting to rise to the challenge."
Thursday, July 17, 2014 by Jonathan Minter FCA chief executive Martin Wheatley has said there are signs that companies and boardrooms are beginning to pro actively make changes to put consumers "at the heart of the way they do business" in the FCA's first Annual report.

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