All articles by Verdict Staff
Verdict Staff
Credit crunch begins to bite
Last month I wrote about ongoing industry worries concerning the deepening credit crunch which has highlighted the necessity for adequate risk mitigation and business controls (see Leasing Life, February 2008) Other effects of the credit crunch are now starting to come through, as my firm is repeatedly hearing; examples are asset financiers reviewing their strategy and the impact on people
Syscap hires veteran to lead sales
Syscap Ltd has appointed Tim Canham, a veteran in the leasing industry, as its sales director. Canham will be responsible for meeting the companys sales objectives, refining and improving the sales process and implementing new sales strategies. With a leasing career spanning 20 years, Canham joined Syscap from Universal Leasing where he was one of the founding directors
Dell to buy CIT stake
CIT Group Inc and Dell Inc announced on December 20 that Dell will purchase CITs 30 per cent interest in their US-based Dell Financial Services joint venture for US$306m
Carlyle Business Finance closes down in wake of tight margins
FirstRand Banking Group has closed down Carlyle Business Finance (CBF), its corporate asset finance subsidiary The move comes just over a year after the acquisition of Carlyle Finance and the business finance division of Julian Hodge Bank by FirstRands specialist asset finance division, WesBank. At the time of set up CBF was headed by Garth Johnson, CEO Carlyle Finance Group, and assisted by Neil Edwards CEO Business Finance and Peter Coleman, director Business Development.
MAN shelves plans for Turkey after VAT hike
A 17 percentage point hike in the Turkish value added tax (VAT) rate on leasing has forced MAN Financial Services to suspend the establishment of a leasing division in Turkey this year
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Clarification
Clarification In the November issue of Leasing Life (issue number 170) we incorrectly printed two bar graphs in an article titled Over the first hurdle, printed on pages 23-25 of the issue
Fresh investment in HSBC’s vehicles and print finance divisions
Fresh investment in HSBCs vehicles and print finance divisions It has been a difficult summer for the HSBC banking group, and the winter is looking dreary too after the bank set aside $12bn to bail out two structured investment vehicles from the sub-prime mortgage mess
Swimming despite the tide
Swimming despite the tide Dr Uwe Hack, chief financial officer at Grenkeleasing, is not your typical FD of a leasing company
New hire at BoS transport
New hire at BoS transport Michael Hardwick has been appointed the new head of transport at Bank of Scotland joins Bank of Scotland Corporate from Wyless plc, a wireless networking service provider, where he was Chief Financial Officer
Yachts: Financing the dream
Yachts: Financing the dream Its not just the size of yachts that is getting bigger