Newcourt lands U.K. financing deal

Article Abstract:

Newcourt Credit Group Inc. of Toronto, Canada, has undertaken a C$400-million securitization deal with Lloyds Bank PLC of Bristol, Great Britain in the United Kingdom. The transaction involves leases secured by office, computer and telecommunications equipment of Lloyds Bank's asset-finance operation, which was acquired by Newcourt in 1997. Newcourt, the second-largest financing company in the world, provides funds for the purchase of commercial and capital assets. The company loans are secured by assets and are either left on its balance sheet or securitized or syndicated. The assets are sold directly to investors when a loan is syndicated.

Comment:

Undertakes a C$400-million securitization deal with Lloyds Bank PLC of Bristol, Great Britain in the UK

United Kingdom, Canada, Use of services, New orders received, Finance Leasing, Lease financing, Lloyds Bank PLC, Newcourt Credit Group Inc.

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Royal buys Credit Suisse business

Article Abstract:

Royal Bank of Canada has purchased Credit Suisse Group's North American private banking business worth around $30 million. In effect Royal Bank's assets will be increased by about C$1.3 billion to double its wealth management operations in the US without need of costly infrastructure expenditures. The acquisition includes the 2,200-person client list of Credit Suisse Private Banking North America. Royal Bank is also seeking two additional purchases of private banks in larger deals than the Credit Suisse deal.

Comment:

Purchases Credit Suisse Group's North American private banking business worth around $30 million

Business Credit Institutions, North America, Commercial finance companies, Credit Suisse Group, Royal Bank of Canada

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Deutsche talks boost Newcourt stock

Article Abstract:

Newcourt Credit Group Inc was lauded by investors after news spread about the possible acquisition of Deutsche Bank AG's Deutsche Financial Services. Should a deal be closed, Newcourt Credit will absorb Deutsche Financial, which has $10.2 billion in receivables and will make Deutsche Bank its largest shareholder. Meanwhile, Standard & Poor's Corp criticized Newcourt Credit's haphazard style of investor relations that lead to rampant speculation about probable deals.

Germany, Deutsche Bank AG, Deutsche Financial Services

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