Credit, Collections & Insolvency News
PSA Group and Fiat Chrysler Automobiles have agreed to merge. The merger will mean that the two companies will create the fourth-largest global automotive OEM by volume and the third-largest in revenue. The merger will mean brands including Alfa Romeo, Citroen, Jeep, Opel, Peugeot and Vauxhall will be brought under one umbrella. The combined company will have…
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New figures released by the Finance & Leasing Association (FLA) show that new business volumes in the consumer car finance market fell by 4% in October 2019 compared with the same month in 2018, and held steady in the first ten months to October. Within the overall figures, the new car finance market reported new…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes up by 15% in October. Commenting on the October 2019 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said: “The second…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business was 2% lower in October 2019 than the same month in 2018, and held steady in the first ten months to October. Within this overall picture, retail store and online credit new business grew in October by 1% compared…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 2% in October 2019 compared with the same month in 2018, and has risen by 6% in the first ten months of 2019. Within this overall increase, the IT equipment finance…
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