Monthly Archives: July 2012

TD Bank woos car buyers with take-back program

In a move that may impact the auto-lending market starting this summer, Toronto-Dominion Bank is offering vehicle-return programs to consumers who use TD Auto Finance as the lender. Several scenarios – from layoffs to international job transfers – are covered … Continue reading

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Ireland clears bailout hurdle as exports surge

* Skirts recession as GDP for 2011 revised up, Q1 weak * Lenders give thumbs-up but say growth outlook modest * Exports robust but personal consumption still weak * Fin min says confident on growth, budget targets By Padraic Halpin … Continue reading

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TEXT-S&P rates Bavarian Sky’s Compartment 3 German auto ABS issue

Credit Risk We have used performance data from BMW Banks leasing portfolio and from previous transactions to analyze credit risk. We expect to see about 3% of defaults in the securitized pool. In comparison to Bavarian Sky SAs Compartment 2, … Continue reading

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CONSUMER FINANCE: Housing Inventory Plunges in Some Places

CONSUMER FINANCE: Housing Inventory Plunges in Some Places –Housing inventory is shrinking in many parts of the country, but shadow inventory is piling up –On a national basis, listed inventory was down 20.4% in May, compared with May 2011, according … Continue reading

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BankMuscat launches Sayyarati drive

By A Staff Reporter – MUSCAT — BankMuscat, the flagship financial institution in the Sultanate, has launched an attractive Sayyarati auto loan campaign coinciding with the high Ramadhan auto sales season. The Sayyarati offer includes the lowest monthly payment option, … Continue reading

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TEXT-S&P raises class C rtgs in Paragon Personal and Auto Finance 3

Tweet Link this Share this July 04 – OVERVIEW – We have raised our ratings on the class C1 and C2 notes following the application of our 2012 counterparty criteria. – The remainder of the outstanding notes in this transaction … Continue reading

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Nordic Capital buys Swedish finance, insurance firms

Tweet Link this Share this STOCKHOLM, July 13 (Reuters) – Nordic Capital said on Friday it has agreed to buy a majority stake in four consumer finance and insurance firms which provide services for Swedens retail sector. The private equity … Continue reading

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Drowning in debt, but there’s too few life jackets to go round

Last month the Government finally published its long-awaited plans to reform Irelands antiquated personal insolvency legislation. The new Personal Insolvency Bill proposes a number of reforms designed to help borrowers — including both those with secured loans, ie mortgages, and … Continue reading

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BankMuscat, Mercedes-Benz join hands for auto loan offer

Muscat: BankMuscat, the flagship financial institution in the Sultanate, and Zawawi Trading Company (ZTC), the authorised general distributors of Mercedes-Benz in Oman, have joined hands for the first time to extend an attractive auto loan offer during the Holy Month … Continue reading

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3 Wounded in grenade attacks on auto dealers in Mexico

Three people were wounded when unidentified assailants threw grenades at two auto dealerships in Ciudad Victoria, the capital of the northeastern Mexican state of Tamaulipas, state officials said. The attacks occurred Wednesday afternoon at auto dealerships located less than 200 … Continue reading

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