All articles by Katherine Gregory
Katherine Gregory
A&L offers voluntary redundancies to AF staff
Elements of Alliance & Leicesters retail and commercial banking divisions, including some asset finance teams, have been offered voluntary redundancy
Norton Folgate ex-employee pleads guilty to fraud charge
Dene Jones, a contract-hire broker, stole up to £11,000 from the independent UK asset financier and lessor over a period of three months by recording fictitious transactions on the companys balance sheet and receiving unauthorised commission
Bank of America’s revenue down
The Global corporate and investment banking divisions net income fell 93 per cent to $100m (£50m) and the capital markets and advisory services division, which includes structured products, posted a £717m (£360m) net loss
Leaseurope’s new chairman sets out change agenda
Leaseuropes new chairman sets out change agenda The new Leaseurope chairman, John Bennett, managing director of global vendor finance at Bank of America, has announced the promotion of the leasing and automotive rental industries as major contributors to the European economy as his key priority during his four-year mandate
Crunch may benefit lessors
Crunch may benefit lessors Independent leasing companies claim to be riding the wave of the UKs credit crunch and report an upsurge in latest profits.
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Playing political football
Katherine Gregory unearths how politics is playing a part in the development health care leasing in different countries To understand the strength of health care leasing in a particular country then look no further than the politics that surround them. Government reform in Sweden has given rise to a shift away from public sector health care leasing although this move has been offset by a growth in asset finance in the private sector.
Fortis faces offloading its leasing and factoring arms
Fortis faces offloading its leasing and factoring arms Despite plans to complete the acquisition of ABN AMRO by a consortium led by Royal Bank of Scotland, Fortis Group is still in the dark about the future of its leasing and factoring businesses