Rallying the industry: Equipment lessors still in “battle station” mode as pandemic impact hits

The global equipment finance industry is navigating uncharted waters with the coronavirus Covid-19 pandemic. After speaking with a range of equipment lessors concerning this disruptive issue, The Alta Group, in a new report Perspectives on Coronavirus impacts and how the industry will respond, realized that equipment finance executives are looking for reliable insights at this time.

Rallying the industry: Equipment lessors still in “battle station” mode as pandemic impact hits

Apr 08, 2020

The global equipment finance industry is navigating uncharted waters with the coronavirus Covid-19 pandemic. After speaking with a range of equipment lessors concerning this disruptive issue, The Alta Group, in a new report Perspectives on Coronavirus impacts and how the industry will respond, realized that equipment finance executives are looking for reliable insights at this time.

AFE50 companies adapt to COVID-19 challenges

Europe’s largest finance companies and their subsidiaries have set out their responses to the COVID-19 pandemic. Organisations across the continent have published their intentions to assist clients that face lengthy periods without trading as the crisis accelerates.

AFE50 companies adapt to COVID-19 challenges

Mar 30, 2020

Europe’s largest finance companies and their subsidiaries have set out their responses to the COVID-19 pandemic. Organisations across the continent have published their intentions to assist clients that face lengthy periods without trading as the crisis accelerates.

Scams and cashflow challenges spark worry for UK small businesses as pandemic continues

Small and medium-sized businesses (SMEs) are finding it progressively harder to stay afloat amid the COVID-19 pandemic, especially those in the hospitality and retail sectors, according to Chirag Shah (pictured above), chief executive officer at Nucleus Commercial Finance. He stressed: “The government has a vital role to play in supporting SMEs across the country, and the recent announcement of £330 billion of government-backed loans demonstrates the Chancellor’s commitment to doing just that. Supporting UK businesses is vital to the growth of our economy, and we hope that these measures will provide British businesses with the support they need at this challenging time.”

Scams and cashflow challenges spark worry for UK small businesses as pandemic continues

Mar 27, 2020

Small and medium-sized businesses (SMEs) are finding it progressively harder to stay afloat amid the COVID-19 pandemic, especially those in the hospitality and retail sectors, according to Chirag Shah (pictured above), chief executive officer at Nucleus Commercial Finance. He stressed: “The government has a vital role to play in supporting SMEs across the country, and the recent announcement of £330 billion of government-backed loans demonstrates the Chancellor’s commitment to doing just that. Supporting UK businesses is vital to the growth of our economy, and we hope that these measures will provide British businesses with the support they need at this challenging time.”

EMEA

Money no object as EU leaders pledge €1.7 trillion to fight economic cost of Coronavirus

Mar 23, 2020

Leaders of the five largest economies in Europe have each launched rescue packages worth hundreds of billions of Euros in a bid to limit the unprecedented impact of the Covid-19 outbreak. France, Italy, Germany, Spain and the UK are responsible for the majority of Europe’s economic output and tens of millions of jobs, many of which are threatened by the rapid spread of Coronavirus. In response, they have pledged around €1.7 trillion in stimulus packages designed to prevent companies from collapsing, protect jobs and restore confidence as stock markets plummet.

Americas

CIT upgrades B2B point-of-sale lending platform

Feb 20, 2020

The small business solutions arm of CIT Group has launched a new version of its point-of-sale lending platform. The platform is available online and on mobile devices to simplify financing for small business purchases of $2,500 or more. Business customers can shop for products, be approved for credit, select terms and receive electronic documents to secure their purchase electronically. The platform also provides real-time monthly payment quotes and automatically sends electronic documents to customers for review and e-signature.

Asia Pacific

Brand value of world’s largest banks contracts for first time since financial crisis

Feb 19, 2020

The total brand value of the world’s 500 largest banks has declined for the first time since 2009. Research by independent brand valuation consultancy Brand Finance found the global brand value of the top banks fell from $1.36 trillion at the start of 2019 to $1.33 trillion for 2020. Chinese banks occupy the top four places in the Brand Finance Banking 500, with ICBC retaining first place overall. It is the country’s biggest lender with 600 million customers.