All articles by Isabella Grotto
IASB and FASB fail to converge on lease accounting
Despite years of attempts, complete convergence on lease accounting has ultimately failed to materialise, as the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) prepare for their final meeting on lease accounting next month.
UTB appoints asset finance credit manager
United Trust Bank (UTB) has appointed Alan Munday to the post of credit manager within its asset finance business.
EIB to provide 30m to Romania’s BCR Leasing
The European Investment Bank (EIB) is to lend 30m to BCR Leasing, a member company of Banca Comerciala Romana Group.
ELFA introduces Financial Statement Analysis course
The US Equipment Leasing and Finance Association (ELFA) has introduced an online course in financial statement analysis, aimed at helping leasing industry professionals make “informed credit decisions”.
Keenan partners with Hitachi Capital
Ireland-based farming technology company Richard Keenan & Co. has selected asset finance provider Hitachi Capital Business Finance to provide financial solutions to its customers.
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LeasePlan UK appoints commercial director
The UK arm of Durch vehicle fleet manager LeasePlan has appointed Jo Elms as commercial director.
Toshiba partners with Shire Leasing over laptop finance
Japanese electronics giant Toshiba has partnered with Shire Leasing, a UK funding and business finance provider, to launch a laptop financing service aimed at small and medium sized businesses (SMBs).
Kingsway Asset Finance rebounds after financing injection and large settlement
Kingsway Asset Finance, a UK asset finance firm, has recently secured £3m in funding from UK banking group RBS, shortly following the company’s victory against Barclays Capital during an FCA investigation into mis-selling of interest rate hedging products (IHRPs).
SQN raises £150m in preparation for IPO
SQN Asset Finance Income Fund has raised £150m in gross proceeds through an oversubscribed private placement, in preparation for their initial public offering (IPO).
Dangerous waters: tax hikes rock Japanese leasing industry
Total equipment leasing transactions in Japan totalled ¥5,239bn (37.83bn) in 2013, a 7.5% increase on 2012 figures, according to the Japanese Leasing Association (JLA). However, a sharp fall in consumer confidence following a consumption tax hike in April might have caused more recent leasing figures to plummet.