All articles by Brian Cantwell
Brian Cantwell
ABN AMRO managing director Ashworth to depart for Virgin Money
Virgin Money to enter the UK SME lending market with George Ashworth at its head while ABN AMRO sales director Richard de Keijzer becomes ABN AMRO UK managing director.
GE sells $30bn commercial lending and leasing businesses to Wells Fargo
$30bn agreement includes GE Capital Commercial Distribution Finance, Vendor Finance and Corporate Finance Businesses, bringing total dispositions to date to $126bn.
Record £6.6bn investment in commercial vehicles by UK businesses
£6.6bn (8.9bn) invested in trucks, vans and other commercial vehicles year-end July 2015, said BNP Paribas.
Secure Trust Bank £250k invoice finance facility for UK crane hire company
Lift It Crane Hire, a supplier of cranes and specialist transport vehicles, has obtained a £250,000 invoice finance facility from Secure Trust Bank Commercial Finance.
British Business Bank supplies Hitachi Capital UK with £100m credit line
The British Business Bank has agreed to provide a £100m (136.05m) facility to Hitachi Capital UK to fund a portfolio of newly originated small business asset finance receivables, with eyes on a securitisation further down the line
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Paragon bank acquires Five Arrows Leasing
Paragon Bank has agreed the acquisition of Five Arrows Leasing Group for a figure in the region of £117m (157.73m), according to a statement from Paragon and sources close to the deal.
Dine and Bannayi to leave Close Brothers’ print team
The two founding members of Close Brothers print team, director David Dine and managing director Basil Bannayi, will depart the business at the end of this month.
Shawbrook group appoint Pateman chief executive
Shawbrook Group has appointed ex-Santander UK executive director and head of UK banking Steve Pateman as its chief executive officer.
EU Commission adopts securitisation regulation improvements
The EU Commission has adopted securitisation regulation aimed at restarting the stalled European securitisation market.
GE sells remainder of rail business to Mormon Holdings, Wells Fargo
GE will sell its tank car fleet assets and railcar repair facilities to Marmon Holdings and its remaining railcar leasing business, General Electric Railcar Services, to Wells Fargo for an undisclosed amount.