All articles by Fred Carwaley
Fred Carwaley
Public sector still open for business
The withdrawal of Bank of Scotland from public sector leasing, in addition to cutbacks from other players, has left a considerable amount of local authority tender business open for those with the ambition to pursue it even smaller finance houses. There is little doubt that local authority business which forms the majority of public sector business in the UK has shrunk somewhat as a result of the introduction of the Prudential Code in 20042005, which gave local authorities higher autonomy on spending decisions.
Unlocking the jigsaw
But what effect will this have on Amstel Lease, Fortis Lease and BNP Paribas Lease Group, the three major businesses which will be caught up in the restructuring process?
Oldfield to replace Town at helm of HBOS-Lloyds asset finance
The integration of the commercial banking activities of Lloyds TSB and HBOS is starting to gather pace, with the announcement of the first confirmed appointment in asset finance at the newly-created Lloyds Banking Group (LBG).
New accounting standard could hurt lessors
Leaseurope has warned that a proposed new lease accounting standard could lead to increased complexity in financial reporting.