Hints and tips:
...Latham & Watkins hired Manoj Tulsiani as a partner in its London-based capital markets practice. He joins from Linklaters....
...Santander is the preferred provider for FCA’s consumer loans and leases and dealer loans via Chrysler Capital and we continue to operate under the existing agreement, which began in 2013.”...
...President Donald Trump claimed credit for a “huge win for American workers and the USA”....
...Chrysler Capital, Santander’s joint venture with Chrysler Group....
...Shares in Spain’s Banco Santander, which also has a large Mexican operation, were down only slightly....
...When Santander Consumer USA sold a $1bn pool of subprime auto-loans this week, it made no pretence that the loans would be paid back in full....
...Second, Santander USA is a unit in transition....
...Meanwhile the trend for slashing investment plans has reached Asia, with Malaysia’s Petronas, China’s Cnooc and PetroChina all warning of double-digit percentage cuts in capital spending....
...A spokesman for Santander Consumer did not immediately respond to a request for comment....
...New subprime auto lenders such as Skopos and Pelican Auto Finance have jumped into the market to offer car loans alongside more established players like Ally Financial and Santander Consumer USA....
...Ally, formerly General Motor’s financing arm, is down 4 per cent, while Santander Consumer USA, another auto lender, has lost about 20 per cent....
...But NYSE has lured six of the top 10 largest deals, including IPOs for Ally Financial and Santander Consumer USA, the US car loans arm of the Spanish banking group....
...There are no perfect comparables, but other consumer finance companies include Santander Consumer USA, a car lender that listed this year....
...If a deal is struck, Santander Consumer USA, which has a loan portfolio of about €18bn, would replace Ally Financial – Chrysler’s current preferred lender, which is majority controlled by the US government...
...Santander, which recently completed the listing of a stake in its Mexican subsidiary, has begun to explore listing Santander Consumer USA, which has a loan portfolio of about €18bn, according to a person...
...Sponsor Auto Finance Holdings Series – owned by funds run by Warburg Pincus, Kohlberg Kravis Roberts and Centerbridge Partners – is investing $1bn in Santander Consumer USA....
...Yet the stock market appeared to approve of Cisco’s high-profile exit from consumer products....
...Busch IV President and Chief Executive Officer Anheuser-Busch Companies, Inc. One Busch Place St....
...Fisher, Chairman, Gap, Inc....
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