International

Ex-Im Bank Supports UPS Capital Loan to BIS Energy

The Export-Import Bank said it has authorized a $66.3 million guarantee to support UPS Capital Business Credit’s loan to BIS Energy of Turkey to acquire power-generation equipment. read more

WSJ: Euro-Zone Outlook Darkens

The Wall Street Journal said the euro-zone’s $13 trillion economy is shrinking, a development that threatens to worsen a global slowdown and intensify the debate about Europe’s attempts to restore confidence in the currency union. read more

Leasing Foundation Welcomes New Governors

The Leasing Foundation announced that several additional leasing and asset finance industry leaders have joined the organization as governors. read more

Ex-Im Bank Guarantees BofA Wind Turbine Blade Export Loan

The Ex-Im Bank of the U.S. has authorized a $32.1 million loan guarantee, which supports a Bank of America loan to Wind Power Energia of Brazil, for the purchase of wind turbine blades manufactured in the U.S. read more

Leasing Foundation Confirms Additional Governors

The Leasing Foundation announced that seven leasing and asset finance industry leaders have joined the organization as governors. read more

Leasing Foundation Announces RBS's Sullivan as First Governor

The Leasing Foundation announced that Chris Sullivan, chief executive UK Corporate, RBS has agreed to be its first governor and patron. read more

AerCap Says Company Not For Sale

Aircraft lessor AerCap Holdings issued a statement quashing speculation about an imminent sale of the company in the wake of a sharp spike in its stock price last week. read more

De Lage Landen Launches Operations in Ghana

According to an article that appeared on Ventures-Aftrica.com, De Lage Landen International B.V. has commenced operations in Ghana, which is a major step in establishing the firm within the African market. read more

Canadian Banks Seen Superior Surviving Global Shock

Based on an interview with a banking regulator, Bloomberg said Canadian banks, ranked the soundest by the World Economic Forum, can withstand major economic disruptions because they moved more quickly than their competitors to raise capital buffers. read more

CHP Consulting Announces Launch of Leasing Foundation

CHP Consulting has announced the launch of The Leasing Foundation, an initiative of CHP Consulting's COO Andrew Denton and IAA Advisory's chairman Derek Soper, that focuses on activities that benefit the leasing and asset finance industry across Europe. read more

IMF Reduces Estimate for Global Growth

Bloomberg reported that the International Monetary Fund will reduce its estimate for global growth this year on weakness in investment, jobs and manufacturing in Europe, the U.S., Brazil, India and China. read more

Will International Buyers Play Role in U.S. Bank M&A?

An article posted on BankDirector.com delves into the question of what the likelihood is that international players would become potential acquirers of U.S. banks over the next two to three years. read more

U.S. Banks Aren’t Nearly Ready for Coming European Crisis

In a Bloomberg post, Simon Johnson, a professor at MIT, said the euro area faces a major economic crisis, most likely a series or rolling, country specific problems involving some combination of failing banks and sovereigns that can’t pay their debts in full. read more

U.S. Businesses Preparing For Worst on Euro Risks

Reuters said in an article posted by the Chicago Tribune that three years into the European debt crisis, U.S. multinationals are making preparations for a number of grim scenarios that include the worst: the collapse of the euro. read more

Europe Gets Emerging Market Crisis Ultimatum

Bloomberg reported that European leaders are under pressure at the Group of 20 summit in Mexico to stamp out the debt crisis as global partners hint at help to keep the world economy afloat. read more

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Terry Mulreany
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