All articles by Abdus Shuman
Abdus Shuman
Cattles completes forensic review, dismisses executives
Troubled lender Cattles has announced that it has completed an independent forensic review investigating the groups failure to set aside enough funds to cover bad loans, which left it saddled with an £850 million (993 million) debt. Following the review, the lender also terminated with immediate effect the contracts of six of the companys executives, including Cattles finance director James Corr and Ian Cummine, Cattles COO and chairman of Welcome Financial Services
Autodesk selects Syscap for UK finance programme
Independent IT financier Syscap has signed an exclusive agreement to provide finance for Autodesk in the UK. Autodesk, a manufacturer of computer aided design (CAD) software, mainly services the manufacturing and engineering industries Earlier this week it announced a partnership with BNP Paribas Lease Group to provide finance in France, Italy, Spain, Portugal and Greece.