Hints and tips:
...Springleaf Prata Place 396 Upper Bukit Timah Road, The Rail Mall, Singapore 678048 (Other branches across singapore) Good for: Speed....
...M-III Partners was launched three years ago by Mo Meghji, a turnaround expert credited with reviving Springleaf Holdings, the consumer finance company, and Suleman Lunat, a former portfolio manager in the...
...Fortress had merged its portfolio company Springleaf with OneMain, previously owned by Citigroup, in 2015. Fortress will, in aggregate, net billions from its original investment of less than $200m....
...The company — a former unit of AIG, the insurer laid low by the financial crisis — changed its name from Springleaf in 2015, after it bought Citigroup’s subprime business, known as OneMain Financial, for...
...Citigroup, for example, got out of subprime lending three years ago when it sold CitiFinancial to Springleaf, owned by Fortress....
...The company changed its name from Springleaf last year, following the $4.3bn acquisition of Citigroup’s subprime business, known as OneMain Financial....
...Springleaf, which has grown (organic) loans by 25 per cent annually in recent years, boasts a return on assets of 5 per cent (most banks have an ROA about 1 per cent)....
...But John Hecht, analyst at Jefferies, suggested the financial impact would not be huge on listed payday lenders, which include CashAmerica and Springleaf....
...Mr Parker is joining Springleaf, the subprime lender, as CFO....
...But Springleaf, thanks to its underwriting process, has been able to keep charge-offs to around 5 per cent....
...Springleaf is a non-bank lender, funded not by deposits but by medium-term debt, which it sells to institutional investors....
...In another noteworthy transaction, subprime consumer lender Springleaf paid two times book for Citigroup’s OneMain; The buyer’s shares still jumped....
...exited consumer businesses in 19 countries from Japan to Peru, and recently offloaded the last of the big businesses within Citi Holdings by agreeing to sell OneMain, its consumer finance business, to Springleaf...
...Citi confirmed that plan on Tuesday, announcing the $4.3bn sale of OneMain, a subprime consumer lender, to Springleaf....
...It amassed nearly $11bn of regulatory capital last year, and freed up more this year — exemplified most recently by this month’s $4.3bn sale to Springleaf of subprime lender OneMain, a business it first...
...Springleaf shares fell as much as $1.48, or 5.88 per cent, to $23.67, before recovering to $24.67. That was down 1.91 per cent compared to Monday’s close....
...Analysts and bankers have suggested Springleaf as a possible acquirer of the unit because of its similar business model....
...Soon after, Springleaf Financial, a speciality finance company spun out of the bailed-out insurer AIG, revealed a similar mishap....
...Springleaf Holdings, the just-listed consumer finance company, has a business model that fits the current environment perfectly....
...Shares in Springleaf, the former subprime consumer lending arm of the bailed-out insurer AIG, have climbed 51 per cent since raising $411m from an October IPO....
...Meanwhile, shares in Springleaf, the former subprime consumer lending arm of the bailed-out insurer AIG, have climbed 41 per cent since raising $411m from an October IPO....
...Springleaf, the former subprime consumer lending arm of the bailed-out mega-insurer AIG, has been able to take advantage of a turnround in securitisation markets to repackage its loans into asset-backed...
...Earlier this year, Springleaf, a speciality finance company, sold two securitisations of unsecured personal loans....
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