All articles by Verdict Staff
Verdict Staff
Clifford Chance Singapore appoints aviation finance expert
Leading asset finance expert, Simon Briscoe will join law firm Clifford Chance as partner in Singapore this autumn
New money, new business
Part of the Uralsib Financial Corporation (UFC) group and majority-held by Bank Uralsib (87.6 per cent), Uralsib Leasing ranks among the top five leasing companies in Russia
Banif Go restructures and plans to grow despite harsh markets
Capitalising on the increasing level of consolidation in the Portuguese banking and leasing market, the countrys fourth-largest financial group, Banif Group, has reformed and strengthened its leasing business via an internal merger Banif Leasing and Banif Credit, both subsidiaries of Banif, which is the local group for Spanish banking giant Santander, amalgamated their businesses in October 2007 under the new name Banif Go Under this new brand, Banif Go, which is Portugals sixth-largest lessor in terms of new production for 2007, provides financial leasing, real-estate leasing and consumer credit for vehicle purchase
Babcock’s bid for Angel getting more serious
Australian investment and leasing firm, Babcock & Brown is rumoured to announce that its consortium of banks will purchase Europes largest rolling stock lessor, Angel Trains, from Royal Bank of Scotland for £3.5bn, according to The Australian
Parmalat forced to offload ?36m of lease debt
The deal includes TMT, which is active in agricultural, food, shipping and retail activities, taking on lease finance debt worth 36m.
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CIT Group Inc extends losses to first quarter
Financial services firm CIT Group Inc swung to a loss during the first quarter due to losses in its home and consumer lending divisions, the AFP reported. CIT Group lost $257.2m, or $1.35 per share in the first quarter, compared with earnings of $200.6m, or $1.01 per share, during the same period the previous year.
EU investment pushes Polish leasing market to the top
Due to accelerated investment related to the 2012 Euro football championship and inflow of subsidies from the European Union, Polands leasing market will experience some of the most rapid growth in Europe, according to estimates by the Polish Leasing Companies Association
GE financial services segments’ profit drops
Impairments and an inability to complete asset sales saw the net earnings for global conglomerate, GE and its overall financial services segments drop year-on-year for the first quarter of 2008 Net earnings for the Group fell two per cent to £2.15bn, and net earnings for the overall financial services segments fell by £1.5bn, 20.8 per cent to £1.2bn for the same period
Kazakhstan leasing sector shows promise
DBK-Leasing JSC, a subsidiary of the state-owned Development Bank of Kazakhstan JSC has started financing the countrys most precious commodity oil and gas equipment, via a project of Petropavlovsk Plant of Heavy Engineering
Romanian SMEs receive funding boost from EBRD
Romanias BT Leasing, part of Banca Transilvania, is set to receive 5m from the European Bank of Reconstruction and Development (EBRD) to finance the development of small and medium sized enterprises (SMEs)