You are here: Home » Leasing Life

Lead Story

 

CIT “smaller, safer” as profits recover

CIT “smaller, safer” as profits recover

American CIT Group has posted a second quarter profit of $142.1m (€109m), marking the equipment finance giant’s second consecutive quarterly profit after emerging from bankruptcy at the end of last year. The result is an improvement on CIT’s Q1 profit figure of $97.3m, and represents earnings of 71 cents per share.


Latest headlines

Deutsche Leasing appoints Ostermann as new CEO

GRENKE opens third UK office

Syscap sees 132% increase in tax funding demand

Spain finances €166m of new buses

FLA welcomes 'positive' green paper

Bibby FS acquires Aston Rothbury Factors

Close Brothers expects good performance

 

More leasing news

FLA Training


Latest Features 


Reforms tackle Ukrainian lessor’s tax problems

Ukraine’s tax system is rife with bribery and ambiguity and consequently remains a thorn in the side of most local leasing companies, despite efforts by local tax authorities to improve the system.

New rules iron out tax and lessee problems

The Ukrainian Union of Lessors (UUL) had good reason last month to pat itself on the back. On the same day that it hosted its first international leasing conference, it also witnessed the registration before Ukraine’s parliamentary tax committee of a leasing bill which aims to create a more favourable environment for asset finance in the Eastern European country.

Law firms target collections sector

Law firms are responding to increased demand for outsourcing services by investing heavily in collections services. Leamington Spa-based law firm Wright Hassall is about to launch a full collections and recoveries service for motor, asset and property finance clients.

 

     View Media Packs