Finance Company News
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Waha Capital PJSC, the Abu Dhabi investor that owns a stake in plane leasing company Aercap Holdings NV, plans to spend as much as 200 million dirhams ($54 million) on health care assets in the United Arab Emirates.
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EON SE, SSE Plc and U.K. units of Electricite de France SA and RWE AG contributed to 244 million pounds ($375 million) of finance to help pay for energy efficiency upgrades in Britain’s 26.9 million homes.
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China’s 14-day money-market rate climbed to a three-week high on speculation lenders are hoarding cash to meet month-end requirements and after the central bank drained funds from the financial system.
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Full Tilt Poker founder Raymond Bitar, accused of using funds from online players to finance company operations and pay its owners, will plead guilty under an agreement that will let him avoid prison and obtain a needed heart transplant, his lawyer told a judge.
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Element Financial Corp. Chief Executive Officer Steven Hudson says selling repackaged leases to life insurance companies helped his Canadian firm avoid the “financial market heroin” that almost ruined his first leasing venture 14 years ago.
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Hannon Armstrong Sustainable Infrastructure Capital Inc., which filed plans Feb. 15 for an initial public offering, more than doubled the amount its seeking to raise from investors.
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Rory Cullinan runs the world’s worst bank from a fifth-floor office overlooking Liverpool Street station in London. His 400-person outfit doesn’t lend money or trade securities. Instead, it sells blown-out mortgages, busted loans and entire companies amassed by Royal Bank of Scotland Group Plc before it collapsed in the global financial crash of 2008. On a Friday afternoon in February, Cullinan is savoring a new feeling in his life as a toxic-asset disposal specialist: hope that the worst is finally over.
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Legendz Sports employees, members and associates took part in an illegal online gambling business that drew more than $1 billion in bets, according to a federal grand jury indictment.
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Indian units of Deutsche Asset Management and BlackRock Inc. are among investors who avoided losses by dumping stakes in Manappuram Finance Ltd. before the lender this week plunged 31 percent.
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Japan Asia Group Ltd., a Tokyo- based brokerage and aerial surveyor, got a 1.6 billion yen ($17 million) loan from Shinsei Bank Ltd. and Mitsubishi UFJ Lease & Finance Company Ltd. for solar projects.
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