May 25, 2018
Financial services companies accounted for more than half of UK outsourcing contracts in the first quarter of 2018, according to new research. Outsourcing contracts worth £718 million were signed in the UK between January and March, with financial services and retail businesses the most active buyers, according to the Arvato UK Outsourcing Index. The research, compiled by business outsourcing partner Arvato and industry analyst NelsonHall, found that deals worth £363 million were signed in the financial services sector during Q1 2018.
Jun 15, 2018
The Securities and Exchange Commission (SEC) has charged an equipment leasing company and its founder with defrauding investors in connection with sales of more than $80 million in promissory notes. According to the US regulator, between 2014 and 2017, Essex Capital Corporation and its founder, Ralph Iannelli, made a series of false and misleading statements and illusory personal guarantees to registered investment advisers to induce them to invest millions of dollars of their clients' money in Essex's failing equipment leasing business.
Apr 12, 2018
Santander and Bank of Shanghai have announced a strategic alliance as part of China’s Belt and Road initiative, one of the world’s biggest infrastructure projects. The memorandum of understanding between the two banks will focus on Europe and Latin America elements of the Chinese-led project to connect its mainland, the ASEAN countries, the Middle East, and Central and Eastern Europe via road and maritime routes. The initiative is set to be the defining legacy of Xi Jinping, China’s president, which has already attracted world leaders to discuss how the initiative will develop.