All articles by Jonathan Minter
Jonathan Minter
Jonathan is the editor of Motor Finance magazine. You can reach him at jonathan.minter@verdict.co.uk
CIT in $3.4bn OneWest Bank acquisition
US commercial lending and leasing service company CIT is to acquire OneWest Bank for $3.4bn (2.5bn) in cash and stock, after signing a definitive agreement and plan of merger with OneWests parent company, IMB Holdo.
US confidence remains high: ELFF
US confidence in the equipment finance market remained unchanged in July, compared to June, at 61.4 in the US Equipment Leasing and Finance Foundations (ELFF) Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
Cabot invests £25m in Henry Howard Finance
Updated: 23/07/2014: Financial services private equity investor Cabot Square Capital has invested £25m in Henry Howard Finance (HHF), in order to enable it to increase its provision of finance for SMEs.
BOE: bank alternatives an increasing source of finance.
Non-bank alternatives are becoming an increasingly important source of finance for some firms, according to the Bank of England.
UTB hire hints at possible future asset finance move
United Trust Bank (UTB) has hired Kevin Flowerday to launch a new professional lending product, with full details of the product to be announced.
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FCA: “the industry is starting to rise to the challenge.”
FCA chief executive Martin Wheatley has said there are signs that companies and boardrooms are beginning to pro actively make changes to put consumers “at the heart of the way they do business” in the FCA’s first Annual report.
UK LCVs down month-on-month: NAMA
The average price of a light commercial vehicle (LCV) in the UK fell 1.7% between May and June, from £4,924 (6,196) to £4,839, according to the National Association of Motor Auction (NAMA).
Leasing Industry size potentially under reported: Leasing Foundation
Current statistics may under report the size of the leasing industry by between 30% and 50% by not including businesses where a form of leasing underlies the products and services, according to The Leasing Foundation.
Société Générale retains top Leaseurope ranking position
Société Générale Leasing Solutions, including fleet arm ALD Automotive, was the largest leasing organisation in Europe in 2013, with total new business of 11.96bn according to the 2013 Leaseurope Ranking of European Leasing Companies.
Hitachi Capital opens Wiltshire office
Hitachi Capital Commercial Vehicle Solutions has moved into a new £7m (8.7m) purpose built office campus in Trowbridge, Wiltshire.