Amicus Asset Finance aims to nearly double in size under new ownership

Amicus Asset Finance has moved back into private ownership amid plans to nearly double the size of the business in the next year. The business was formerly owned by Amicus Finance, which entered administration at the end of last year, affecting its property and commercial mortgages arms.

Amicus Asset Finance aims to nearly double in size under new ownership

Jan 14, 2019

Amicus Asset Finance has moved back into private ownership amid plans to nearly double the size of the business in the next year. The business was formerly owned by Amicus Finance, which entered administration at the end of last year, affecting its property and commercial mortgages arms.

Hampshire Trust Bank relaunches asset finance division as Specialist Business Finance

Hampshire Trust Bank is relaunching its asset finance division as Specialist Business Finance. The new business offers broker asset finance, wholesale lending and a series of specialist business lines, the first of which is Structured Asset Finance.

Hampshire Trust Bank relaunches asset finance division as Specialist Business Finance

Jan 11, 2019

Hampshire Trust Bank is relaunching its asset finance division as Specialist Business Finance. The new business offers broker asset finance, wholesale lending and a series of specialist business lines, the first of which is Structured Asset Finance.

D&D Leasing rebrands as DND Finance

D&D Leasing has announced a major rebrand to DND Finance to reflect its growing range of services. The announcement was made at its annual black-tie charity event, which was this year raising funds for Grief Encounter, a non-profit which supports children through the bereavement process. D&D Leasing was originally formed in Canada in 2000 to support small and medium-sized companies, but founder Rev. Dr. K. Bill Dost said it has expanded beyond a simple leasing service, with offers ranging from loans to vehicle finance and now a credit card.

D&D Leasing rebrands as DND Finance

Dec 21, 2018

D&D Leasing has announced a major rebrand to DND Finance to reflect its growing range of services. The announcement was made at its annual black-tie charity event, which was this year raising funds for Grief Encounter, a non-profit which supports children through the bereavement process. D&D Leasing was originally formed in Canada in 2000 to support small and medium-sized companies, but founder Rev. Dr. K. Bill Dost said it has expanded beyond a simple leasing service, with offers ranging from loans to vehicle finance and now a credit card.

EMEA

Digital bank CivilisedBank announces name change to Allica as it prepares to launch

Dec 17, 2018

CivilisedBank, the digital SME bank with relationship managers, is changing its name to Allica. When launched in 2019, Allica aims to be a digital SME bank that will offer customers access to a team of banking experts with extensive business finance experience, and digital banking underpinned by the latest technology. Mark Stephens, chief executive officer, Allica, said: “Since its initial conception following the financial crisis, the SME market that CivilisedBank was created to serve has changed dramatically.

Americas

Equitable Group buys Canadian equipment leasing specialist

Dec 20, 2018

Canadian challenger bank Equitable Group has reached an agreement to acquire Bennington Financial Services, a growing privately-owned company serving the brokered equipment leasing market in Canada. Bennington was founded in Oakville, Ontario in 1996 and has developed a strong market position in non-prime equipment leasing. It has a portfolio of more than $400 million of leases managed by a team of 125 professionals. The lender finances a wide range of assets with a focus on transportation, construction and food service equipment, has long-tenured relationships with professional leasing brokers throughout Canada, and has developed a specialist approach to adjudication with emphasis on lease structure, security and re-marketability.

Asia Pacific

Santander builds ties to support China’s $900bn Belt and Road initiative

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.