All articles by Verdict Staff

Verdict Staff

Fleet lessor Alphabet closes to new business

Fleet lessor Alphabet closes to new business BMW Group’s multi-marque fleet management and leasing arm Alphabet has “temporarily” ceased new business origination, the manufacturer said

VW Bank considering applying for state funds

VW Bank considering applying for state funds The banking arm of Volkswagen AG is considering applying for state financial help, according to a VW spokesperson.

CV order intake down 15% at MAN

CV order intake down 15% at MAN MAN Groups order intake of commercial vehicles has declined 15 percent in 2008. Recently published results showed a sharp 15 percent drop in orders in the company’s CV business area in the first 9 months of 2008, which were attributed to a poorer economic outlook, increased fuel costs and fewer financing opportunities for customers.

equigroup signs partnership deal with Nordea worth £100m a year

equigroup signs partnership deal with Nordea worth £100m a year The partnership will be worth approximately £100 million (124.72 million) per year to equigroup.

RBS signals new focus with £40m Middle East AF deal

RBS signals new focus with £40m Middle East AF deal As RBS prepares to launch a worldwide structured asset finance business focusing on tax-based deals, it revealed last month that it has signed a £40 million (50.7 million) financing of construction equipment with a Middle Eastern client.

News in brief

Leasint profits up 16.5%…Spanish brokers go international…Ubi Banca denies merger talk…