All articles by Verdict Staff

TIP Trailer on new hiring spree

UniCredit ups loans despite new business stagnation

UniCredit ups loans despite new business stagnation The Czech division of UniCredit Leasing has reported Kc7.2bn (0.3bn) of new business in the first half of this year a figure virtually unchanged from 2007s H1 total

GMAC Financial Services reports $2.5bn loss

GMAC Financial Services reports $2.5bn loss GMAC Financial Services, the automotive, real estate, insurance and commercial business financier, reported a net income loss of $2.5bn for the second quarter of 2008, down $2.7bn from a net income gain of $293m in Q2 2007. GMACs loss was predominantly the result of $716m impairment in vehicle operating lease assets in the automotive finance business, due to declining vehicle sales and lower prices for some used vehicles segments

GE Commercial Finance signs JV in Abu Dhabi

GE Commercial Finance signs JV in Abu Dhabi GE Commercial Finance has set up a global joint venture with an Abu Dhabi investment company, the Mubadala Development Company. The two companies plan to establish a jointly-owned global commercial financial services business headquartered in Abu Dhabi, which will offer origination, funding and risk management capabilities.

CIT Group posts $2.1bn Q2 loss

CIT Group posts $2.1bn Q2 loss Second quarter earnings for CIT Group Inc made grim reading as the global commercial finance company reported a loss of $7.88 a share

Retention culture emerges among fleet brokers

Retention culture emerges among fleet brokers According to Network, the funding provider to fleet brokers, the industry is beginning to shift

Raiffeisen Leasing makes vendor finance partnership in CEE

Raiffeisen Leasing makes vendor finance partnership in CEE Raiffeisen Leasing International (RLI), the holding company of the Raiffeisen Leasing network in Central and Eastern Europe, has signed a vendor finance agreement with NACCO Materials Handling Limited, a lift truck manufacturer.

Stagecoach sounds out market for £200m train leases

Stagecoach sounds out market for £200m train leases Each month, freelance writer and asset finance specialist Anthony OConnor breaks exclusive news and provides analysis about business in the European rail finance sector UK transport group Stagecoach is sounding out the market for a £200m rolling stock financing package that could result in a deal being awarded to banks or financial institutions outside of the UKs Rosco framework.

Hypo Group gives ?50m to Bosnian SMEs

The Council of Europe Development Bank (CEB) and Austrias Hypo Group Alpe-Adria signed a 100m contract for a joint credit line to support micro-, small- and medium-sized enterprises in Bosnia

Uralsib profits fall 50% in 2007

Uralsib one of Russias largest financial institutions, reported a consolidated profit of RUB 2.2bn (60m) for 2007, down almost 50 per cent on its profit figure of RUB 4.2bn (114m) in 2006, due to losses in its broker and exchange business of RUB 1.8bn (50m) for 2007