All articles by Lorenzo Migliorato

Lorenzo Migliorato

Bank Asset Finance

Asset and invoice finance shine in RBS commercial banking H1 results

Half-year results for RBS Group have shown a 13% year-on-year increase to £533m (€598m) in revenues for the “specialised commercial banking” segment, which includes RBS Invoice Finance and Lombard business.

Companies

Societe Generale Equipment Finance loan book up 8% in H1 2018

Loans and leases outstanding at Societe Generale Equipment Finance (SGEF) were up 8% year-on-year during the first half of 2018, hitting €17.8bn (£15.7bn).

Bank Asset Finance

Barclays takes MarketInvoice to SME customers following equity injection

Barclays has taken a minority stake in peer-to-peer (p2p) lender MarketInvoice, and will soon start introducing the platform to SME clients.

Bank Asset Finance

Societe Generale finalising sale of Bulgarian subsidiary: reports

Societe Generale is about to sell its Bulgarian Expressbank subsidiary, which controls the group’s leasing operations in the country, to Hungarian banking group OTP, according to reports.

Bank Asset Finance

FCA unable to intervene in RBS GRG case

The Financial Conduct Authority (FCA) has said it will not take further action towards RBS in relation to the Global Restructuring Group case, because it does not have the appropriate disciplinary or investigative powers.

Companies

Bibby FS agrees £1m facility to Tesco and Ocado supplier

Bibby Financial Services (BFS) has agreed a £1m facility to Babease, a manufacturer of baby food and supplier to a number of high-street and online supermarkets.

Companies

LDF becomes White Oak UK as it looks to Europe and mid-market firms

Funder and broker LDF Group has rebranded to White Oak UK, a month after completion of its acquisition by American asset-based lender White Oak.

Views

Treasury Committee raises doubts over Ombudsman’s SME readiness

UK Parliament’s Treasury Committee has questioned the FCA’s time-scale for giving the Financial Ombudsman SME coverage, despite chief ombudsman Caroline Wayman’s earlier reassurances that the service would be ready for the increased responsibility.

Company Results

SQN asset finance fund aims for full Suniva recovery

Managers at SQN Asset Finance Income Fund are aiming to recoup all of the £21.7m (€24.4m) facility from troubled solar panel maker Suniva.

Bank Asset Finance

Metro asset and invoice finance book grows 20% in first half of 2018

Metro Banks saw its asset and invoice finance book grow 20% year-on-year in the six months to June, to £274m (€308m).